215 MAIN STREET HAZARD, GA 30321 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. Account number 62-00062 March 31, Year 2 $9,070 30,096 25,024 14,142 Deposits and Credits Check No. Amount Date Amount 1462 $3,795 March 1 $1,140 1463 1,684 March 2 6,548 1464 8,0401 Marchi 6 4,976 1465 2,946 March 12 6,209 1466 1,449 March 17 6,006 1467 6,220 March 22 2,126. DM 60 CM 3,091 1468 830 The following is a list of checks and deposits recorded on the books of Pyle Garage for March, Year 2: Amount of Date March 1 1463 Check No. Amount of Check $1,684 March 5 1464 8,040 Date March March 5 Deposit 1 $6,548 4,976 March 6 1465 2,946 March 9 1466 1,449 March 10 6,209 March 10 1467 6,220 March 14 1468 135 March 16 6,006 March 19 1469 1,539 March 191 2,126 March 28 1470 783 March 29 3,587 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 $1,140. 6. Check no. 1468 was for the purchase of equipment. 7. The unadjusted Cash account balance at March 31 was $13,071. 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. PYLE GARAGE Bank Reconciliation March 31, Year 2 Unadjusted Bank Balance, March 31, Year 2 Add: Deposit in transit Less: Outstanding checks True Cash Balance, March 31, Year 2 Unadjusted Book Balance, March 31, Year 2 Add: Credit memo for collection of notes receivable Less: Book error Less: Debit Memo for Service Charges True Cash Balance, March 31, Year 2 0 $ 0 0 $ 0