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. The

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, 2024.

Oscar's Red Carpet Store maintains a checking
Date Amount Number Date Amount Deposits: 2/4 $2,700 Checks: 323 2/12 $2,500 2/11 2,300 324 2/19 2,200 2/18 3,200 325 2/27 200 2/25 4,100 326 2/28 700 Cash receipts: 2433; 1,600 327 2/28 1,900 $13,900 $7,503 Amount Balance on February 1 $6,800 Receipts 13,900 Disbursements (7,500} Balance on February 28 $13,200

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