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 Cash receipts Balance on February 1 Receipts Disbursements Balance on February 28 Date Amount No Datel Amount 2 4 $ 2,500 Checks 321 2 2 $ 4,500 2 11 2,100 322 2 8 550 2 18 3,000 323 2 12 2,300 2 25 3,900 324 2 19 2,000 2 26 2 28 1,400 325 2 27 350 $ 12,900 326 2 28 850 327 2 28 1,700 $ 6,600 $12,250 12,900 (12,250) $ 7,258 Information from February's bank statement and company records reveals the following additional information

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[SOLVED] Oscar's Red Carpet Store maintains a checking account with Academy Bank.

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Oscars Red Carpet Store maintains a checking account with Academy Bank. Oscars sells carpet each day but makes bank deposits only once per week. The following provides information from the companys...

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Question: 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.

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