Oscar's Red Carpet Store maintains a checking account with Acedemy Bank Oscars sells carpet each day but makes bank deposits only once per week. The following provides informetion from the companys cash ledger for the month ending February 28, 2021 Deposits: s 2,880 Checks: 321 2/2 4, 1,680 2,580 3,409 54,8e0 450 322 2/8 23 2/12 1,800 3242/19 1, see 325 2/27 2/18 2/25 2/26-2/28 Cash receipts: 25e 18,400 326 2/28 750 327 2/28 1,20 Balance on February 1 Receipts Disbursements 6,100 $9,950 1e,409 (9,950) 6,55e Balance on February 28 Information from February's bank statement and company records reveels the following additional information: a. The ending cash balance recorded in the bank statement is $9.610 b. Cosh receipts of $900 from 2/26-2/28 are outstending c. Checks 325 and 327 are outstanding d. The deposit on 2/11 includes a customer's check for $250 thet did not cleer the bank (NSF check). 3 was written for $2.500 for advertising in February. The bank properly recorded the check for this amount withdrawal for Oscar's February rent was made on February 4 for $1.300 f. An automatic g. Oscar's checking account earns interest based on the average daily balance. The amount of interest eerned for February is $130 h. In Januery, one of Oscar's suppliers, Titanic Fabrics ($4600 borrowed amount plus $150 interest) directly to Academy Bank in i. Academy Bank charged service fees of $120 to Oscar's for the month. borrowed $4 600 from Oscar. On February 24. Titanic paid $4750 payment for January's borrowing equired: Prepare a bank reconciliation for Oscar's checking account on Februery 28, 2021.( ith o minus sign. Total entries to the same account to (Amounts to be deducted should be indicated Bank Reconciliation February 28, 2021 Bank's Cash Balance Company's Cash Balance er bank statement Per general ledger lank balance per reconciliation Company balance per Required information The following information applies to the questions displayed below) tStore meintains a checking account with Acedemy Bank Oscar's sella carpet each day but makes Oscars Red Cerpet bank deposits only once per week. The following provides information from the compeny's cash ledger for the month ending February 28, 2021 321 2/2$4,000 450 2/4 s 2,000 Checks: 1,600 2,500 3,400 Deposits: 322 2/8 323 2/121,800 324 12/19 1,580 250 2/18 2/25 2/26-2/28 2/27,589 750 Cash receipts: 900 326 2/28 $10,400 327 2/28 1,200 $9,950 Balance on February1 s 6,100 Receipts Disbursements 10,400 (9,9502 Balance on February 28 $ 6,550 Informetion from February's bank statement end company records reveels the following additional information: a. The ending cash belance recorded in the bank stetement is $9.610 b. Cash receipts of $900 from 2/26-2/28 ere outstending c. Checks 325 and 327 are outstanding d. The deposit on 2/11 includes a customer's check for $250 that did not clear the benk (NSF check) e. Check 323 wes written for $2.500 for advertising in February. The benk properly recorded the check for this amount t. An automatic withdrawal for Oscars Februery rent wes 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 $130 h. In Jenuary, one of Oscar's suppliers. Titenic Fabrics, borrowed $4.600 from Oscar On February 24. Titanic paid $4.750 ($4.600 borrowed amount plus $150 interest) directly to Academy Bank in payment for January's borrowing i Academy Bank charged service fees of $120 to Oscar's for the month. 2. Record the necessary cash adjustments. (If no entry is required for a transoction/event, select "No Journal Entry Required" in the first account field. Totel entries to the same account together when entering in the journal entry worksheet.) View transaction list Journal entry worksheet Record the amounts that increase cash
