a. perpare the bank reconcilliation for Pyle Garage at the end of March.

PYLE GARAGE Bank Reconciliation March 31, Year 2 Unadjusted Bank Balance, March 31, Year 2 Add: Deposit in transit Less: Outstanding checks $ 16,000 $ (1,500) (102) (1,602) $ 14,398 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 (630) (15) (645) (645) True Cash Balance, March 31, Year 2 $ Required B > Prev 1 of 1 Next 1 The following information is available for Pyle Garage for March, Year 2: 10 points BANK STATEMENT HAZARD STATE BANK 215 MAIN STREET HAZARD, GA 30321 Account number Pyle Garage 62-00062 629 Main Street HAZARD, GA 30321 March 31, Year 2 Beginning balance 3/1/Year 2 $15,000.00 Total deposits and other credits 7,000.00 Total checks and other debits 6,000.00 Ending balance 3/31/Year 2 16,000.00 Checks and Debits Deposits and Credits Check No. Amount Date Amount 1462 $1,163.00 March 1 $1,000.00 1463 62.00 March 2 1,340.00 1464 1,235.00 March 6 210.00 1465 750.00 March 12 1,940.00 1466 1,111.00 March 17 855.00 1467 964.00 March 22 1,480.00 DM 15.00 CM 175.00 1468 700.00 The following is a list of checks and deposits recorded on the books of Pyle Garage for March, Year ME GE Prev 1 of 1 Next 10 A The following is a list of checks and deposits recorded on the books of Pyle Garage for March, Ye Date March 1 March 5 Amount of Deposit $1,340.00 210.00 Date March 1 March 5 March 6 March 9 March 10 March 14 March 19 March 28 Check No. 1463 1464 1465 1466 1467 1468 1469 1470 Amount of Check $ 62.00 1,235.00 750.00 1,111.00 964.00 70.00 1,500.00 102.00 March 10 1,940.00 March 16 March 19 March 29 855.00 1,480.00 2,000.00 Other Information ints 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 Pyle Garage at the end of March b. Explain how the adjustments described above affect the cash account