[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, 2015 Amount $4,300 600 2,100 1,800 400 DateAmount 2/4 $ 2,300 Checks: 1,900 2,800 3,700 No. 321 322 323 324 Date 2/2 2/8 2/12 2/19 Deposits: 2/18 2/25 2/26- 2/28 Cash receipts: 1,200 325 2/27 326 2/28 327 2/28 900 1,500 $ 11,900 Balance on February 1 Receipts Disbursements $ 6,400 11,900 (11,600) $11,600 Balance on February 28 $6,700 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 $10,390. b. Cash receipts of $1,200 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 $400 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. f. An automatic withdrawal for Oscar's February rent was made on February 4 for $1,300. g. Oscar's checking account earns interest based on the average daily balance. The amount of interest earned for February is $160. h. In January, one of Oscar's suppliers, Titanic Fabrics, borrowed $5,200 from Oscar. On February 24, Titanic paid $5,350 ($5,200 borrowed amount plus $150 interest) directly to Academy Bank in payment for January's borrowing i. Academy Bank charged the following service fees to Oscar's: $40 for NSF check, $20 for automatio withdrawal for rent payment, and $60 for collection of the loan amount from Titanic. value: Required information 1.11 points Required 1. Prepare a bank reconciliation for Oscar's checking account on February 28, 2015. OSCAR'S RED CARPET STORE Bank Reconciliation February 28, 2015 Bank's Cash Balance Company's Cash Balance Per bank statement Per general ledger Bank balance per reconciliation Company balance per reconciliation value: 1.11 points Required information 2. Record the necessary cash adjustments. (If no entry is required for a transaction/event, select "No ournal entry required" in the first account field. Total entries to the same account together when entering in the journal entry carousel.) View transaction list X: 1 Record the entries that increase cash 2 Record the entries that decrease cash. Credit Note:-journal entry has been entered Record entry Clear entry View general journal