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, 2018 $ 4,450 321 22 322 2/8 323 2/12 324 219 2/4 2/18 2/25 2,050 2,950 3,850 1,950 1350 325 2/27 Cash recelpts 2/28 326 2/28 $ 12.650 327 2/28 1650 $11,600 $ 6,550 2,650 (11600) $ 7600 Balance on February 1 Receipts Balance on February 28 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 $11,755 b. Cash receipts of $1,350 from 2/26-2/28 are outstanding c. Checks 325 and 327 are outstanding. d. The deposit on 2/11 includes a customers 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 t An automatic withdrawal for Oscar's February rent was made on February 4 for $1,300 g. Oscars checking account eams interest based on the average daily balance. The amount of interest earned for February is $175 h. In January, one of Oscars suppliers, Titanic Fabrics, borrowed $5.500 from Oscar. On February 24. Titanic paid $5,650 ($5,500 borrowed amount plus $150 interest) directly to Academy Bank in payment for January's borrowing. L Academy Bank charged service fees of $120 to Oscar's for the month. Required information 10.00 points Required 1. Prepare a bank reconciliation for Oscars checking account on February 28, 2018. (Amounts to be deducted should be indicated with a minus sign.) Bank Reconciliation February 28, 2018 Bank's Cash Balance Company's Cash Balance Per bank statement Per general ledger Bank balance per reconciliation Company balance per reconciliation 2. Record the necessary cash adjustments. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Total entries to the same account together when entering in the journal entry carousel.) View transaction list Journal entry worksheet Record the amounts that increase cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Required information 10.00 points ournal entry required" in 2. Record the necessary cash adjustments. (If no entry is required for a transaction/event, select "No j the first account field. Total entries to the same account together when entering in the journal entry carousel.) View transaction list Journal entry worksheet Record the amounts that decrease cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal