The following information is available for Pyle Garage for March 2016:

The following is a list of checks and deposits recorded on the books of Pyle Garage for March 2016:

Other Information
1. Check no. 1462 was outstanding from February.
2. A credit memo for collection of accounts receivable was included in the bank statement.
3. All checks were paid at the correct amount.
4. The bank statement included a debit memo for service charges.
5. The February 28 bank reconciliation showed a deposit in transit of $1,000.
6. Check no. 1468 was for the purchase of equipment.
7. The unadjusted Cash account balance at March 31 was $16,868.
Required
a. Prepare the bank reconciliation for Pyle Garage at the end of March.
b. Record in general journal form any necessary entries to the Cash account to adjust it to the true cash balance.

Transcribed Image Text:

BANK STATEMENT HAZARD STATE BANK 215 MAIN STREET HAZARD, GA 30321 Pyle Garage 629 Main Street Hazard, GA 30321 Account number 62-00062 March 31, 2016 Beginning balance 3/1/2016 Total deposits and other credits Total checks and other debits Ending balance 3/31/2016 $15,000.00 7000.00 6000.00 16,000.00 Checks and Debits Deposits and Credits Check No. 1462 1463 1464 1465 1466 1467 DM 1468 Amount Date March 1 March 2 March 6 March 12 March 17 March 22 CM Amount $1163.00 62.00 1235.00 750.00 1111.00 964.00 15.00 700.00 $1000.00 1340.00 210.00 1940.00 855.00 1480.00 173.00 Amount Amount Date of Deposit 0 1463 March 1 L23500 | March March 5 March 6 March 9 March 10 750.00 Ll00 arh 10 7000 Mach 16 96400 1467 1468 1469 1470 855.00 200000