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Required Information The following Information apples to the questions displayed below Oscar's Red Carpet Store malntains 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 Asount bate 2/2 Asount Date No. $1,750 Checks: 1,35e 2,250 3,15e $3,750 Deposits: 321 2/4 2/11 2/18 322 2/8 2/12 2/19 2/27 45e 323 324 325 1,550 1,25e 25e 2/25 2/26-2/28 Cash receipts 650 s,15e 326 2/28 75e 327 2/28 95e $ 5,8se ss,950 Balance on February 1 9,15e (8,950) S 6,ese Receipts Disbursenents Balance on February 28 Information from February's bank statement and company records reveals the following addtional information a. The ending cash balance recorded In the bank statement is $8.630 b. Cash receipts of $650 from 2/26-2/28 are outstanding c Checks 325 and 327 are outstanding. d. The deposit on 2/11 includes a customers check for $250 that did not clear the bank (NSF check) e. Check 323 was wrtten 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 $1,100 g Oscar's checking account eams interest based on the average dally balance. The amount of interest earned for February is $105 h. In January, one of Oscar's suppliers, Titanic Fabrics, borrowed $4,100 from Oscar On February 24, Titanic paid $4,350 ($4100 borrowed amount plus $250 Interest) directly to Academy Bank in payment for January's borrowing. L Academy Bank charged service fees of $125 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 Indiceted with e minus sign. Totel entries to the seme account together when entering In the benk reconcillation.) OSCAR'S RED CARPET STORE Bank Reconciliation February 28, 2021 Company's Cash Balance Bank's Cash Balance S 6.050 $ 8.630 Per general ledger Per bank statement NSF check Checks outstanding Company error Deposits outstanding EFT for rent Company baiance per reconosation Bank balance per reconciliation