Required information Skip to question [The following information applies to the questions displayed below.] 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, 2021. Date Amount No. Date Amount Deposits: 2/4 $ 2,700 Checks: 321 2/2 $ 4,700 2/11 2,300 322 2/8 400 2/18 3,200 323 2/12 2,500 2/25 4,100 324 2/19 2,200 Cash receipts: 2/26-2/28 1,600 325 2/27 200 $ 13,900 326 2/28 700 327 2/28 1,900 Balance on February 1 $ 6,800 $ 12,600 Receipts 13,900 Disbursements (12,600 ) Balance on February 28 $ 8,100 Information from February's bank statement and company records reveals the following additional information: The ending cash balance recorded in the bank statement is $13,145. Cash receipts of $1,600 from 2/262/28 are outstanding. Checks 325 and 327 are outstanding. The deposit on 2/11 includes a customer's check for $200 that did not clear the bank (NSF check). Check 323 was written for $2,800 for advertising in February. The bank properly recorded the check for this amount. An automatic withdrawal for Oscar's February rent was made on February 4 for $1,100. Oscar's checking account earns interest based on the average daily balance. The amount of interest earned for February is $20. In January, one of Oscar's suppliers, Titanic Fabrics, borrowed $6,000 from Oscar. On February 24, Titanic paid $6,250 ($6,000 borrowed amount plus $250 interest) directly to Academy Bank in payment for January's borrowing. Academy Bank charged service fees of $125 to Oscars for the month. 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.)

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.) OSCAR'S RED CARPET STORE Bank Reconciliation February 28, 2021 Bank's Cash Balance Company's Cash Balance Per bank statement Per general ledger Bank balance per reconciliation Company balance per reconciliation