es BANK STATEMENT HAZARD STATE BANK 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 $9,055 30,008 24,891 14,172 Deposits and Credits Check No. Amount Date Amount 1462 $3,786 March 1 $1,127 1463 1,669 March 2 6,530 1464 8,026 March 6 4,961 1465 2,929 March 12 6,201 1466 1,433 March 17 5,993 1467 6,210 March 22 2,115 DM 48 CM 3,081 1468 790 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 No. Check March 1 1463 $1,669 Date March Deposit 1 $6,530 March 5 1464 8,026 March 5 4,961 March 6 1465 2,929 March 9 1466 1,433 March 10 6,201 March 10 1467 6,210 March 14 1468 115 March 16 5,993 March 19 1469 1,531 March 19 2,115 March 28 1470 771 March 29 3,578 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 $1,127. 6. Check no. 1468 was for the purchase of equipment. 7. The unadjusted Cash account balance at March 31 was $13,090. Required: Prev 2 of 2 Next www mike es 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 $1,127. 6. Check no. 1468 was for the purchase of equipment. 7. The unadjusted Cash account balance at March 31 was $13,090. 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 in 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 < Required A Required B > < Prev 2 of 2 Next S 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 $1,127. 6. Check no. 1468 was for the purchase of equipment. 7. The unadjusted Cash account balance at March 31 was $13,090. 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 Explain how the adjustments described above affect the cash account. (Select "Not affected" if there Item No. Affect on the Cash Account 1. 2. 3. 4. 5. 6. < Required A Required B < Prev 2 of 2 Next