PROBLEM 4-22

a.

Pyle Garage Bank Reconciliation March 31, 2018
Unadjusted Bank Balance, March 31, 2018		$
Add:
Less:	$
True Cash Balance, March 31, 2018		$
Unadjusted Book Balance, March 31, 2018		$
Add:
Less:	$
True Cash Balance, March 31, 2018		$

b.

Item No.	Affect on the cash account:
1.
2.
3.
4.
5.
6.

The bank statement indicated that the bank had collected a $450 note for Wong. Wong recorded $900 of receipts on January 31 that were deposited in the night depository of the bank. These deposits were not included in the bank statement Bank reconciliation and adjustments to the cash account The following information is available for Pyle Garage for March. Year 2: Problem 4-22A BANK STATEMENT HAZARD STATE BANK 215 MAIN STREET HAZARD, GA 30321 Pyle Grigo 629 Mon Street Hazard GA 30321 Account number 8200062 March Yoon 2 $15.000.00 2000.00 B000.00 1000000 Beginning balance 3/1/Year 2 Total deposits and other condits Total checks and other dobits Ending balance Year Checks and Debits Check No Amount 163 16300 1133 62.00 1484 23.00 1488 750.00 1456 LINDO 1467 95-4100 DM 15.00 1408 7000 Deposits and Credits Date Amount March 1 S1000.00 Manti 2 1340.00 Morci B 210.00 Merch 12 04000 Misch 17 898.00 March 22 1480.00 CM 175.00 The following is a list of checks and deposits recorded on the hooks of Pyle Garage for March. Year 2: Check No Date Marco Mandi Date March March Amount of Deposit 11310.00 210.00 1 1-163 1961 168 1400 14 1908 1480 1-170 Amount of Check 13200 1238.00 75000 LOD 064.00 7000 1500 da 10200 Mind March 10 March Marco Manel 10 1940.00 March 16 March 19 Morchi 29 B9300 148000 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 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 affect the ens account Problem 4-23A Fraud triangle Sam Sharp an accountant with a shadly past. Suffice to say that he owes some very in character a loro money. Despite his past. Sam work hurd at keeping up a strong professionali He is a manager at Flower and Associates, a fast growing CPA dim. Sam is thly regarded arowy omce because he is a strong producer of climt revenue. Indeed, on several om ons he exceeded authority in establishing prices with clients. This is the all partners job but who could come Sam, who le moul ceruinly being in the business Indeed. Sam is a pood that he is also to polo the following scheme. He bills clients at Innlated art und then reports the entina pute to his com ing firmay, for example, the normal share or jobs. 33300, Sammooth talk the cliente charge him $2,000. Ble reports de charge of 300 o his firm and keeps the euro Tay for the Federale pockets himself te ketyre les marhaben furt am Required The test Show explain of the fratures in the new