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Blaine's Red Carpet Store maintains a check$$ng account with Academy Bank. Blaine'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 $28,2024.$

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 $$12,355.$

b$.$ Cash receipts of $$1,550$ from $\frac{2}{26}-\frac{2}{28}$ are outstanding.

c$.$ Checks $325$ and $327$ are outstanding.

d$.$ The deposit on $\frac{2}{11}$ includes a customer's check for $$250$ 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 EFT withdrawal for Blaine's February rent was made on February $4$ for $$1,200.$

g$.$ Debit card transactions include $$4,800$ for legal fees expense and $$450$ for entertainment expense.

h$.$ In January, one of Blaine's suppliers, Titanic Fabrics, borrowed $$5,900$ from Blaine. On February $24,$ Titanic paid $$6,100($ $$5,900$

borrowed amount plus $$200$ interest$)$ directly to Academy Bank in payment for January's borrowing.

i$.$ Academy Bank charged service fees of $$195$ to Blaine's for the month.

Required:

Prepare a bank reconciliation for Blaine's checking account on February $28,2024.$

Record the necessary cash adjustments.

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