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Problem 6-21B Bank reconciliation and adjustments to the cash account The following information is available for Pyle Garage for March Year 1: BANK STATEMENT HAZARD

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Problem 6-21B Bank reconciliation and adjustments to the cash account The following information is available for Pyle Garage for March Year 1: BANK STATEMENT HAZARD STATE BANK 215 MAIN STREET HAZARD, GA 30321 Pyle Garage 629 Main Street Hazard, GA 30321 Account number 62-00062 March 31, Year1 Beginning balance V1/Year 1 Total deposits and other credits $15,000.00 7,000.00 Total checks and other debits 6,000.00 16,000.00 Ending balance 3/31/Year 1 Checks and Debits Deposits and Credits Amount $1,000.00 Check No. Amount Date 1462 $1,163.00 March March 2 1463 62.00 1,235.00 1,340.00 1464 March 6 210.00 1465 750.00 12 March 17 March 22 March 1,940.00 1466 1,111.00 855.00 1,480.00 175.00 1467 964.00 DM 15.00 CM 700.00 1468 The following is a list of checks and deposits recorded on the books of Pyle Garage for March Year 1: Amount of Check $ 62.00 Amount Date of Deposit Check No. Date March March March 5 1463 $1,340.00 March March 6 5 1,235.00 750.00 210.00 1464 1465 March March 10 1466 1,11100 964.00 March 10 1,940.00 1467 March 16 March 19 March 14 7000 855.00 1468 March 19 1469 1,500.00 1,480.00 March 28 1470 March 29 102.00 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 Prepare the bank reconciliation for Pyle Garage at the end of March. a. b. Record in general journal form any necessary entries to the Cash account to adjust it to the true cash balance

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