Required: 1. Prepare a bank reconciliation for Oscar's checking account on February 28, 2021. (Amounts to be deducted should be indicated with a minus sign. Total entries to the same account together when entering in the bank reconciliation.) Answer is complete but not entirely correct. OSCAR'S RED CARPET STORE Bank Reconciliation February 28, 2021 Bank's Cash Balance Company's Cash Balance Per bank statement $ 10,580 Per general ledger $ 6,750 Deposits outstanding 1,150 NSF check 350 X Checks outstanding (1,850) Company error 750 EFT for rent (1.100) Interest on account 155 Note collected 250 X Interest on note 350 X Service fees 125 >XX Bank balance per reconciliation $ 9,880 Company balance per reconciliation $ 7,630 Oscar's Red Carpet Store maintains a checking account with Academy Bank. Oscar's sells carpet each day but makes bank deposits only once per week. The following provides information from the company's cash ledger for the month ending February 28, 2021. Deposits: Date 2/4 2/11 2/18 2/25 2/26-2/28 Amount $ 2,250 Checks: 1,850 2,750 3,650 1,150 $ 11,650 No. 321 322 323 324 325 Date 2/2 2/8 2/12 2/19 2/27 Amount $ 4,250 550 2,050 1,750 350 Cash receipts: 326 2/28 850 327 2/28 1,450 $11,250 Balance on February 1 Receipts Disbursements Balance on February 28 $ 6,350 11,650 (11,250). $ 6,750 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 $10,580. b. Cash receipts of $1,150 from 2/262/28 are outstanding. c. Checks 325 and 327 are outstanding. d. The deposit on 2/11 includes a customer's check for $350 that did not clear the bank (NSF check). e. Check 323 was written for $2,800 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 $1,100. g. Oscar's checking account earns interest based on the average daily balance. The amount of interest earned for February is $155. h. In January, one of Oscar's suppliers, Titanic Fabrics, borrowed $5,100 from Oscar. On February 24, Titanic paid $5,350 ($5,100 borrowed amount plus $250 interest) directly to Academy Bank in payment for January's borrowing. i. Academy Bank charged service fees of $125 to Oscar's for the month