The following is a list of checks and deposits recorded on the books of Pyle Garage...
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The following is a list of checks and deposits recorded on the books of Pyle Garage for March, Year 2 Check Amount of Amount of Date March March No. Check Date Deposit 1 1463 $1,664 March 1 $6,523 5 1464 8,019 March 5 4,954 March 6 1465 2,919 March 9 1466 1,426 March 10 6,193 March 10 1467 6,204 March 14 1468 105 March 16 5,985 March 19 1469 1,521 March 19 2,109 March 28 1470 764 March 29 3,570 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 $1,121. 6. Check no. 1468 was for the purchase of equipment. 7. The unadjusted Cash account balance at March 31 was $13.103. Required: a. Prepare the bank reconciliation for Pyle Garage at the end of March. b. Explain how the adjustments described above affect the cash account. < Prev 2 of 2 Next ( 4 The following information is available for Pyle Garage for March, Year 2: BANK STATEMENT HAZARD STATE BANK 215 MAIN STREET HAZARD, GA 30321 Saved Pyle Garage 629 Main Street HAZARD, GA 30321 Beginning balance 3/1/Year 2 Total deposits and other credits Total checks and other debits Ending balance 3/31/Year 2 Checks and Debits Check No. Account number 62-00062 March 31, Year 2 $9,049 29,958 24,823 14,184 Deposits and Credits Amount Date Amount 1462 $3,779 March 1 $1,121 1463 1,664 March 2 6,523 1464 8,019 March 6 4,954 1465 2,919 March 12 6,193 1466 1,426 March 17 5,985 1467 6,204 March 22 22 2,109 DM 42 CM 3,073 1468 770 Complete this question by entering your answers in the tabs below. Required A Required B Prepare the bank reconciliation for Pyle Garage at the end of March. (Negative amounts should be indicated with minus sign.) PYLE GARAGE Bank Reconciliation March 31, Year 2 Unadjusted Bank Balance, March 31, Year 2 True Cash Balance, March 31, Year 2 Unadjusted Book Balance, March 31, Year 2 True Cash Balance, March 31, Year 2 0 $ 0 0 $ 0 Required B > Prev 2 of 2 Next } Saved Complete this question by entering your answers in the tabs below. Required A Required B. Explain how the adjustments described above affect the cash account. (Select "Not affected" if there is no affect on the "Cash account".) Item No. Affect on the Cash Account 1. 2. 3. 4. 5. 6. The following is a list of checks and deposits recorded on the books of Pyle Garage for March, Year 2 Check Amount of Amount of Date March March No. Check Date Deposit 1 1463 $1,664 March 1 $6,523 5 1464 8,019 March 5 4,954 March 6 1465 2,919 March 9 1466 1,426 March 10 6,193 March 10 1467 6,204 March 14 1468 105 March 16 5,985 March 19 1469 1,521 March 19 2,109 March 28 1470 764 March 29 3,570 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 $1,121. 6. Check no. 1468 was for the purchase of equipment. 7. The unadjusted Cash account balance at March 31 was $13.103. Required: a. Prepare the bank reconciliation for Pyle Garage at the end of March. b. Explain how the adjustments described above affect the cash account. < Prev 2 of 2 Next ( 4 The following information is available for Pyle Garage for March, Year 2: BANK STATEMENT HAZARD STATE BANK 215 MAIN STREET HAZARD, GA 30321 Saved Pyle Garage 629 Main Street HAZARD, GA 30321 Beginning balance 3/1/Year 2 Total deposits and other credits Total checks and other debits Ending balance 3/31/Year 2 Checks and Debits Check No. Account number 62-00062 March 31, Year 2 $9,049 29,958 24,823 14,184 Deposits and Credits Amount Date Amount 1462 $3,779 March 1 $1,121 1463 1,664 March 2 6,523 1464 8,019 March 6 4,954 1465 2,919 March 12 6,193 1466 1,426 March 17 5,985 1467 6,204 March 22 22 2,109 DM 42 CM 3,073 1468 770 Complete this question by entering your answers in the tabs below. Required A Required B Prepare the bank reconciliation for Pyle Garage at the end of March. (Negative amounts should be indicated with minus sign.) PYLE GARAGE Bank Reconciliation March 31, Year 2 Unadjusted Bank Balance, March 31, Year 2 True Cash Balance, March 31, Year 2 Unadjusted Book Balance, March 31, Year 2 True Cash Balance, March 31, Year 2 0 $ 0 0 $ 0 Required B > Prev 2 of 2 Next } Saved Complete this question by entering your answers in the tabs below. Required A Required B. Explain how the adjustments described above affect the cash account. (Select "Not affected" if there is no affect on the "Cash account".) Item No. Affect on the Cash Account 1. 2. 3. 4. 5. 6.
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