The following information is available for Pyle Garage for March, Year 2:

BANK STATEMENT HAZARD STATE BANK 215 MAIN STREET HAZARD, GA 30321Pyle Garage 629 Main Street HAZARD, GA 30321Account number 62-00062 March 31, Year 2Beginning balance 3/1/Year 2$15,000.00Total deposits and other credits7,000.00Total checks and other debits6,000.00Ending balance 3/31/Year 216,000.00Checks and DebitsDeposits and CreditsCheck No.AmountDateAmount1462$1,163.00March1$1,000.00146362.00March21,340.0014641,235.00March6210.001465750.00March121,940.0014661,111.00March17855.001467964.00March221,480.00DM15.00CM175.001468700.00

The following is a list of checks and deposits recorded on the books of Pyle Garage for March, Year 2:

DateCheck No.Amount of CheckDateAmount of DepositMarch11463$62.00March1$1,340.00March514641,235.00March5210.00March61465750.00March914661,111.00March101,940.00March101467964.00March14146870.00March16855.00March1914691,500.00March191,480.00March281470102.00March292,000.00

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.