The following information applies to the questions displayed below! 40 points 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 801540 Date 2/4 Deposits: Rount $ 2,090 Checks: 1,600 2,500 3,40e Amount $4.ee 450 1.80 2/11 2/18 2/25 2/26-2/28 No. Date 3212/2 322 2/8 323 2/12 324 2/19 325 2/22 326 2/28 327 2/28 1.500 Cash receipts: 900 250 510,400 750 1,200 $9,95 Print Balance on February 1 Receipts Disbursenents Balance on February 28 5 6,180 10,400 (9,950) 5 6,550 References 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 $9.610. b. Cash receipts of $900 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 $250 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 $1,300 g. Oscar's checking account eams interest based on the average daily balance. The amount of interest earned for February is $130 h. In January, one of Oscar's suppliers, Titanic Fabrics, borrowed $4,600 from Oscar On February 24, Titanic paid $4,750 ($4,600 borrowed amount plus $150 interest) directly to Academy Bank in payment for January's borrowing 1. Academy Bank charged service fees of $120 to Oscar's for the month. u. h. In January, one of Oscar's suppliers, Titanic Fabrics, borrowed $4,600 from Oscar On February 24, Titanic paid $4.750 ($4,600 borrowed amount plus $150 interest) directly to Academy Bank in payment for January's borrowing. 1. Academy Bank charged service fees of $120 to Oscar's for the month 40 points (8 013406 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 Print References Bank balance per reconciliation Company balance per reconciliation