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 cash ledger for the month ending February 28, 2018.

	Date	Amount		No.	Date	Amount
Deposits:	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
Cash receipts:	2/26-2/28	1,400		325	2/27	350
				326	2/28	850
		$ 12,900		327	2/28	1,700
Balance on February 1		$ 6,600				$12,250
Receipts		12,900
Disbursements		(12,250)
Balance on February 28		$ 7,250

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 $11,730. b. Cash receipts of $1,400 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 $350 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 automatic withdrawal for Oscar's February rent was made on February 4 for $1,200. g. Oscar's checking account earns interest based on the average daily balance. The amount of interest earned for February is $180. h. In January, one of Oscar's suppliers, Titanic Fabrics, borrowed $5,600 from Oscar. On February 24, Titanic paid $5,800 ($5,600 borrowed amount plus $200 interest) directly to Academy Bank in payment for January's borrowing. i. Academy Bank charged service fees of $100 to Oscars for the month.

1. Prepare a bank reconciliation for Oscar's checking account on February 28, 2018. (Amounts to be deducted should be indicated with a minus sign.)

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.)

OSCAR'S RED CARPET STORE Bank Reconciliation February 28, 2018 Bank's Cash Balance Company's Cash Balance 11,730 Per general ledger Per bank statement 1,400 NSF check Deposits outstanding (2,050) Company error Checks outstanding EFT for rent Interest on account Note collected Interest on note Service fees Bank balance per reconciliation S 11,080 Company balance per reconciliation 7,250 (350) (1,200) 180 5,600 200 (100)