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. 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 $11,115. b. Cash receipts of $1,350 from 2/262/28 are outstanding. c. Checks 325 and 327 are outstanding. d. The deposit on 2/11 includes a customer's check for $200 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 EFT withdrawal for Wilbur's February rent was made on February 4 for $1,300. g. Debit card transactions include $4,760 for legal fees expense and $500 for entertainment expense. h. In January, one of Wilbur's suppliers, Titanic Fabrics, borrowed \$5,500 from Wilbur. On February 24, Titanic paid \$5,650 ( $5,500 borrowed amount plus $150 interest) directly to Academy Bank in payment for January's borrowing. i. Academy Bank charged service fees of $175 to Wilbur's for the month. Required: 1. Prepare a bank reconciliation for Wilbur's checking account on February 28, 2024. 2. Record the necessary cash adjustments