Problem 4-2A (Algo) Prepare the bank reconcillation and record cash adjustments (LO4-5) Wibur's Red Carpet Store maintains a chocking account weh Academy Bank. Wibur's sells carpet each day but makes bank deposits only once per week. The followng provides information from the company's cash ledger for the month ending February 28, 2024. Informasion from Fobruarys bark stotement and company records reveals the followng additional informabon a. The ending cash balance recorded in the bank ztatement is $7,n0 b. Cash reception of 5700 rrom 2/262/28 are outstanding. c. Checks 325 and 327 are outstanding. d. The deposit on 211 licludes a customers check for $450 that did not clear the bank NSF checks e. Check 323 was written for $2.500 for adverting in February The bank propedy recorded the check for this amourt. P. An EI withdravai for Wibur's February rentwas made on Fobrusy 4 for \$1,200 9. Debit card trancactions include $4,880 for logal feet expense and $500 for entertainment expense h. in January, one of Whburs supplers. Titank Fabris, borrowed 54,200 from wibur. On Fabruary 24. Thanche pold $4,400, $4,200 borrownd anourt pls $200 interest directly to Academy Bank in payment for Januay's borrowne. it Acadeny Banicharged semece elees of 510 to Wibur's for the morah. Required: 1. Prepare a bank reconclation for Wibur's checking account on Fabrus 28,2024. 2. Record the neceseary cosh adustments Complete this question by entering vour answers in the tabs below. n. in uanuary, one or wiour 5 suppilers, Inanic raonics, porrowed $4,UU trom wibur. un redruary 4,1anic paid $4,4U($4,UU borrowed amount plus $200 interest) directly to Academy Bank in payment for January's borrowng. 1. Academy Bank charged service fees of \$110 to Wilbur's for the month. Required: 1. Prepare a bank reconciliation for Wilbur's checking account on February 28, 2024. 2 Record the necessary cash adjustments. Complete this question by entering your answers in the tabs below. Prepare a bank reconciliation for Wibur's checking account on February 28, 2024. (Amounts to be deducted should be incicited with a minus sign.) Complete this question by entering your answers in the tabs below. Record the necessary cash adjustments, (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first. account field.) Journal entry worksheet 2 1. Prepare a bank reconcillation for Wibur's checking account on February 28, 2024. 2. Record the necessary cash adjustments. Complete this question by entering your answers in the tabs below. Record the necessary cash adjustments. (If no entry is requirud for a transactionevent, select. "No Journal Entyy Requaredt in the firat account field.) Journal entry worksheet