2.

3.

Please provide an answer with a specific explanation. Appreciate for your help!

Required: 1. Prepare a bank reconciliation for Oscar's checking account on February 28, 2024. 2. Record the necessary cash adjustments. \\( \\times \\) Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a bank reconciliation for Oscar's checking account on February 28, 2024. (Amounts to be deducted should be indicate with a minus sign.) Journal entry worksheet Note: Enter debits before credits. Problem 4-2A (Static) Prepare the bank reconciliation and record cash adjustments (LO4-5) Oscar's Red Carpet Store maintains a checking account with Academy Bank. Oscar's sells carpet each day but makes bank depos 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 \\( \\$ 13,145 \\). b. Cash receipts of \\( \\$ 1,600 \\) 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 \\( \\$ 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 Oscar's February rent was made on February 4 for \\( \\$ 1,100 \\). g. Debit card transactions include \\( \\$ 4,700 \\) for legal fees expense and \\( \\$ 400 \\) for entertainment expense. h. In January, one of Oscar's suppliers, Titanic Fabrics, borrowed \\( \\$ 6,000 \\) from Oscar. On February 24 , Titanic paid \\( \\$ 6,270 \\) (\\$6,000 borrowed amount plus \\( \\$ 270 \\) interest) directly to Academy Bank in payment for January's borrowing. i. Academy Bank charged service fees of \\( \\$ 125 \\) to Oscar's for the month. Journal entry worksheet Record the amounts that increase cash. Note: Enter debits before credits