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Reynolds's Red Carpet Store maintains a checking account with Academy Bank. Reynolds's sells carpet each day but makes bank deposits only onke 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 $9,295 b. Cash receipts of $1,050 from 2/262/28 are outstanding c. Checks 325 and 327 are outstanding. d. The deposit on 211 includes a customer's check for $350 that did not clear the bank (NSF check). e. Check 323 wos written for $2.500 for advertising in February. The bank properly recorded the check for this amount f. An EFT withdrawal for Reynolds's February rent was made on February 4 for $1,300 g. Debit card transactions include $4,810 for legal fees expense and $500 for entertainment expense h. In January, one of Reynolds's suppliers, Titanic Fabrics, borrowed $4,900 from Reynolds On February 24, Titanic paid \$5,050 (\$4,900 borrowed amount plus $150 interest) directly to Acaderny Bank in payment for Januarys borrowing 1 Academy Bank charged service fees of $145 to Reynolds's for the month. Required: 1. Prepare a bank reconcilation for Reynolds's checking account on February 28, 2024 2. Record the necessary cash adjustments. Journal entry worksheet Record the amounts that decrease cash. Note: Enter debits before credits. Journal entry worksheet

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