Wilbur's Red Carpet Store maintains a checking account with Academy Bank. Wilbur'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, 2024. Date Deposits: 2/4 Amount $2,100 Number Date Amount Checks: 323 2/12 $1,900 2/11 1,700 324 2/19 1,600 2/18 2,600 325 2/27 400 2/25 3,500 326 2/28 900 Cash 2/26- 1,000 receipts: 327 2/28 2/28 1,300 $10,900 $6,100 Amount Balance on February 1 Receipts Disbursements Balance on February 28 $6,200 10,900 (6,100) $11,000 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 $8,990. b. Cash receipts of $1,000 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. f. An EFT withdrawal for Wilbur's February rent was made on February 4 for $1,200. g. Debit card transactions include $4,820 for legal fees expense and $550 for entertainment expense. h. In January, one of Wilbur's suppliers, Titanic Fabrics, borrowed $4,800 from Wilbur. On February 24, Titanic paid $5,000 ($4,800 borrowed amount plus $200 interest) directly to Academy Bank in payment for January's borrowing. 1. Academy Bank charged service fees of $140 to Wilbur's for the month.