Problem 4-22 Bank reconciliation and adjustments to the cash account

CHECK FIGURE

True Cash Balance, March 31, 2018: $16,398

The following information is available for Pyle Garage for March 2018:

Pyle Garage, Account number 62-00062

Beginning balance 3/1/2018	$15000.00
Total deposits and other credits	7000.00
total checks and other debits	6000.00
Ending balance 3/31/2018	16000.00

Checks and Debits Deposits and Credits

Check No.	Amount	Date	Amount
1462	$1163.00	March 1	$1000.00
1463	62.00	March 2	1340.00
1464	1235.00	March 6	210.00
1465	750.00	March 12	1940.00
1466	1111.00	March 17	855.00
1467	964.00	March 22	1480.00
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 2018:

Date	Check No.	Amount of Check	Date	Amount of Deposit
March 1	1463	$62.00	March 1	$1340.00
March 5	1464	1235.00	March 5	210.00
March 6	1465	750.00
March 9	1466	1111.00	March 10	1940.00
March 10	1467	964.00
March 14	1468	70.00	March 16	855.00
March 19	1469	1500.00	March 19	1480.00
March 28	1470	102.00	March 29	2000.00

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Other Information

Check no. 1462 was outstanding from February.

A credit memo for collection of accounts receivable was included in the bank statement.

All checks were paid at the correct amount.

The bank statement included a debit memo for service charges.

The February 28 bank reconciliation showed a deposit in transit of $1,000.

Check no. 1468 was for the purchase of equipment.

The unadjusted Cash account balance at March 31 was $16,868.

Required

Prepare the bank reconciliation for Pyle Garage at the end of March.

Explain how the adjustments described above affect the cash account.

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.