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$9,079Total deposits and other credits30,142Total checks and other debits25,086Ending balance 3/31/Year 214,135Checks and DebitsDeposits and CreditsCheck No.AmountDateAmount1462$3,803March1$1,14814631,691March26,55314648,049March64,98514652,948March126,21414661,454March176,01214676,227March222,133DM64CM3,0971468850

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$1,691March1$6,553March514648,049March54,985March614652,948March914661,454March106,214March1014676,227March141468145March166,012March1914691,545March192,133March281470791March293,590

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 $1,148.

Check no. 1468 was for the purchase of equipment.

The unadjusted Cash account balance at March 31 was $13,061.

Required:

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

Explain how the adjustments described above affect the cash account.