The following information is available for Pyle Garage for March Year 1:

The following is a list of checks and deposits recorded on the books of Pyle Garage for March Year 1:

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
Prepare the bank reconciliation for Pyle Garage at the end of March.

Transcribed Image Text:

BANK STATEMENT HAZARD STATE BANK 215 MAIN STREET HAZARD, GA 30321 Pyle Garage 629 Main Street Account number 62-00062 Hazard, GA 30321 March 31, Year I Beginning balance 3/1/Year 1 Total deposits and other credits $15,000.00 7,000.00 6,000.00 16,000.00 Total checks and other debits Ending balance 3/31/Year 1 Checks and Debits Check No. Deposits and Credits Amount Date Amount $1,000.00 1462 $1,163.00 March 1463 62.00 March 2. 1,340.00 1464 1,235.00 750.00 March 210.00 6. 1,940.00 1465 March 12 1466 1,111.00 March 17 855.00 March 22 1,480.00 1467 964.00 15.00 DM CM 175.00 700.00 1468 Amount Date Check No. Amount of Check of Deposit Date March $ 62.00 1,235.00 1 March March March March 10 March 14 March 19 1463 1464 1465 1 March $1,340.00 210.00 March 1,111.00 10 March 1,940.00 1466 964.00 March 16 1468 1469 1470 855.00 70.00 1,500.00 102.00 March 19 1,480.00 March 29