11.10

BANK STATEMENT HAZARD STATE BANK 215 MAIN STREET HAZARD, GA 30321 Pyle Garage Account number 629 Main Street 62-00062 HAZARD, GA 30321 March 31, Year 2 Beginning balance 3/1/Year 2 $15, 060.00 Total deposits and other credits 7, 060.08 Total checks and other debits 6,060.00 Ending balance 3/31/Year 2 16, 060.00 Checks and Debits Deposits and Credits Check No. Amount Date Amount 1462 $1, 163.00 March $1, 600.00 1463 62.00 March 1, 340.80 1464 1, 235.80 March 210.00 1465 750.80 March 12 1, 940.80 1466 1, 111.80 March 17 855.00 1467 964.80 March 22 1, 480.80 DM 15.80 CM 175.80 1468 700.80 The following is a list of checks and deposits recorded on the books of Pyle Garage for March, Year 2 Check Amount of Date No. Amount of Check Date Deposit March IMUP 1463 $ 62.00 March 5 $1, 340.00 March 1464 1, 235.08 March 210.08 March 1465 750.80 March 9 1466 1, 111. 80 March 10 1, 940.03 March 10 1467 964.08 March 14 1468 70.03 March 16 855.80 March 19 1469 1, 500.00 March 19 1, 480.80 March 28 1470 102.08 March 29 2, 000.00 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 pald 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. Explain how the adjustments described above affect the cash account.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 2Complete this question by entering your answers in the tabs below. Required A Required B account".) Explain how the adjustments described above affect the cash account. (Select "Not affected" if there is no affect on the "Cash Item No. Affect on the Cash Account 1. 2. 3. 4. 5. 6