The following information is available for Cooters Garage for March 2012:

The following is a list of checks and deposits recorded on the books of Cooters Garage for March 2012:

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 Cooters 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 Cooters Garage 629 Main Street Hazard, GA 30321 Beginning balance 3/1/2012. Total deposits and other credits Total checks and other debits Ending balance 3/31/2012 Checks and Debits Amount $1,163.00 Account number 62-00062 March 31, 2012 $15,000.00 7,000.00 6,000.00 16,000.00 Deposits and Credits Check No. Date Amount 1462 March 1 $1,000.00 1463 62.00 March 2 1464 1,235.00 March 6 1465 750.00 March 12 1466 1,111.00 March 17 1,340.00 210.00 1,940.00 855.00 1467 DM 1468 964.00 15.00 700.00 March 22 1,480.00 CM 175.00