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 $ 1,850 Checks: 1,450 2,350 3,250 250 $9,650 Amount $3,850 600 1.650 No. 321 322 323 324 325 326 327 Date 2/2 2/8 2/12 2/19 2/22 2/28 2/28 1.356 Cash receipts: 400 900 1,050 $9,800 Balance on February 1 Receipts Disbursements Balance on February 28 $ 5,950 9.650 (9,800 $ 5,800 Information from February's bank statement and company records reveals the following additional information: 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 $8.395. b. Cash receipts of $750 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 $2,500 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 $1,300. 9. Oscar's checking account earns interest based on the average daily balance. The amount of Interest earned for h. In January, one of Oscar's suppliers, Titanic Fabrics, borrowed 54,300 from Oscar On February 24, Titanic paid $4,450 ($4,300 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. 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 Por general ledger Hank balance per reconciliation Company balance per reconciliation