Required information The following information applies to the questions displayed below) Oscar's Red Carpet Store maintains a checking account with Academy Bank. Oscar's sels 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 2/31 2/18 2/25 2/25-2/28 Amount $ 2,700 Checks: 2, 300 3,200 1.100 1.600 $ 13,900 No 321 322 323 324 325 Date 2/2 2/8 2/12 2/19 2/27 2/28 2728 Amount $ 4,700 400 2,500 2,200 200 700 1,900 512,600 Cash receipts 326 327 Balance on February 1 Receipts Disbursesents Balance on February 28 $ 6,800 13,900 (12,600) $ 8,100 Che 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 $13,145. b. Cash receipts of $1,600 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 $2,800 for advertising in February. The bank properly recorded the check for this amount. 1. An automatic withdrawal for Oscar's February rent was made on February 4 for $1,100. 9. Oscar's checking account earns interest based on the average daily balance. The amount of interest earned for February is $20 n. 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 5250 interest) directly to Academy Bank in payment for January's borrowing. Academy Bank charged service fees of $125 to Oscar's for the month. 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 worksheet.) View transaction ist 1 2 Record the amounts that increase cash. Note: Enter debits before credits. aces Debit Credit General Journal Transaction 1