Oscar’s Red Carpet Store maintains a checking account with Academy Bank. Oscar’s sells carpet…


Oscar's Red Table Store maintains a cohibiting representation delay Academy Bank. Oscar's sells table each day but makes bank safetys simply uninterruptedly per week. The forthcoming provides instruction from the sodality's specie ledger for the month consummation February 28, 2021. Date Date Totality No. Totality Deposits: $4,400 2/4 2/11 2/18 2,400 Checks : 2/2 2/8 2/12 321 2,000 322 450 2,900 3,800 2,200 1,900 323 2/25 324 2/19 Specie profits: 2/26-2/28 1,300 325 2/27 250 12,400 326 2/28 750 2/28 1,600 327 $ 6,500 Equalize on February 1 $11,550 Profits 12,400 (11,550) Disbursements $ 7,350 Equalize on February 28 Instruction from February's bank assertion and sodality memorials reveals the forthcoming added instruction: a. The consummation specie equalize commemorative in the bank assertion is $11,645. b. Specie profits of $1,300 from 2/26-2/28 are ungathered. c. Checks 325 and 327 are ungathered. d. The safety on 2/11 includes a customer's cohibit for $250 that did not evident the bank (NSF cohibit). e. Cohibit 323 was written for $2,800 for advertising in February. The bank right commemorative the cohibit for this totality. f. An automatic delaydrawal for Oscar's February divulsion was made on February 4 for $1,100. g. Oscar's cohibiting representation earns concern grounded on the medium daily equalize. The totality of concern earned for February is $170. h. In January, one of Oscar's suppliers, Titanic Fabrics, external $5,400 from Oscar. On February 24, Titanic hired $5,650 ($5,400 external totality plus $250 concern) instantly to Academy Bank in acquittal for January's borrowing. i. Academy Bank teeming labor fees of $125 to Oscar's for the month Required: 1. Prepare a bank amity for Oscar's cohibiting representation on February 28, 2021. (Amounts to be deducted should be involved delay a minus presage. Total entries to the corresponding representation unitedly when entering in the bank amity.) OSCAR'S RED CARPET STORE Bank Amity February 28, 2021 Bank's Specie Equalize Company's Specie Equalize Per public ledger Per bank assertion Sodality equalize per amity Bank equalize per amity 2. Record the compulsory specie adjustments. (If no beginning is required for a negotiation/event, excellent "No Chronicle Beginning Required" in the principal representation room. Total entries to the corresponding representation unitedly when entering in the chronicle beginning worksheet.) View negotiation inventory Chronicle beginning worksheet 1 2 Record the totalitys that growth specie Note: Enter debits antecedently credits Negotiation Public Chronicle Debit Credit 1