Oscars Red Carpet Store maintains a checking account with Academy Bank. Oscars sells carpet each day but makes bank deposits only once per week. The following provides information from the companys cash ledger for the month ending February 28, 2018.

	Date	Amount		No.	Date	Amount
Deposits:	2/4	$ 1,700	Checks:	321	2/2	$ 3,700
	2/11	1,300		322	2/8	400
	2/18	2,200		323	2/12	1,500
	2/25	3,100		324	2/19	1,200
Cash receipts:	2/26-2/28	600		325	2/27	200
				326	2/28	700
		$ 8,900		327	2/28	900
Balance on February 1		$ 5,800				$8,600
Receipts		8,900
Disbursements		(8,600)
Balance on February 28		$ 6,100

Information from February's bank statement and company records reveals the following additional information:

a. The ending cash balance recorded in the bank statement is $8,230. b. Cash receipts of $600 from 2/26-2/28 are outstanding. c. Checks 325 and 327 are outstanding. d. The deposit on 2/11 includes a customer's check for $200 that did not clear the bank (NSF check). e. Check 323 was written for $2,500 for advertising in February. The bank properly recorded the check for this amount. f. An automatic withdrawal for Oscar's February rent was made on February 4 for $1,300. g. Oscar's checking account earns interest based on the average daily balance. The amount of interest earned for February is $100. h. In January, one of Oscar's suppliers, Titanic Fabrics, borrowed $4,000 from Oscar. On February 24, Titanic paid $4,150 ($4,000 borrowed amount plus $150 interest) directly to Academy Bank in payment for January's borrowing. i. Academy Bank charged service fees of $120 to Oscars for the month.

Required:

1. Prepare a bank reconciliation for Oscar's checking account on February 28, 2018. (Amounts to be deducted should be indicated with a minus sign.)

OSCAR'S RED CARPET STORE
Bank Reconciliation
February 28, 2018
Bank's Cash Balance		Company's Cash Balance
Per bank statement		Per general ledger
Bank balance per reconciliation		Company balance per reconciliation

2. Record the necessary cash adjustments. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Total entries to the same account together when entering in the journal entry carousel.)