Question

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.


$1.99
Sales4
Views129
Comments0
  • CreatedApril 20, 2015
  • Files Included
Post your question
5000