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 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 $1.950 Checks 1,550 2,450 3,350 850 $10,150 Cash receipts: No. Date 321 2/2 322 2/8 323 2/12 324 2/19 325 2/27 326 2/28 327 2/28 Amount $3,950 400 1,750 1,450 200 700 1,150 59,600 Balance on February 1 Receipts Disbursements Balance on February 28 $ 6,050 10,150 2,600) $ 6,600 Information from February's bank statement and company records reveals the following additonal Information: a. The ending cash balance recorded in the bank statement is $9,675. b. Cash receipts of $850 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 $2.500 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 $1,200. 9. Oscar's checking account earns interest based on the average dally balance. The amount of Interest earned for February is $125. h. In January, one of Oscar's suppliers, Titanic Fabrics, borrowed $4,500 from Oscar. On February 24, Titanic paid $4,700 ($4,500 borrowed amount plus $200 Interest) directly to Academy Bank in payment for January's borrowing, 1. Academy Bank charged service fees of $100 to Oscar's 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.) OSCAR'S RED CARPET STORE Bank Reconciliation February 26, 2021 Bank's Cash Balance Company's Cash Balance Per bank statement Por general ledger Bank balance per reconciliation Company balance per reconciliation