The following information is available for Pyle Garage for March, Year 2 BANK STATEMENT HAZARD STATE BANK 215 MAIN STREET HAZARD, GA 30321 Pyle Garage 629 Main Street HAZARD, GA 30321 Beginning balance 3/1/Year 2 Total deposits and other credits Total checks and other debits Ending balance 3/31/Year 2 Checks and Debits Check No. Account number 62-00062 March 31, Year 2 $9,083 30,155 25,113 14,125 Deposits and Credits Amount Date Amount 1462 $3,805 March 1 $1,150 1463 1,693 March 2 6,554 1464 8,050 March 6 4,987 1465 2,951 March 12 6,219 1466 1,455 March 17 6,013 1467 6,230 March 22 2,134 DM 1468 69 CM 3,098 860 The following is a list of checks and deposits recorded on the books of Pyle Garage for March. Year 23 Amount of Check Amount of Date March 1 No. Check Date Deposit 1463 $1,693 March 1 $6,554 March 5 1464 8,050 March 5 4,987 March 6 1465 2,951 March 9 1466 1,455 March 10 6,219 March 10 1467 6,230 March 14 1468 150 March 16 6,013 March 19 1469 1,546 March 19 2,134 March 28 1470 793 March 29 3,593 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 $1,150. 6. Check no. 1468 was for the purchase of equipment. 7. The unadjusted Cash account balance at March 31 was $13,060. Required: a. Prepare the bank reconciliation for Pyle Garage at the end of March. b. Explain how the adjustments described above affect the cash account. Required A Required B Prepare the bank reconciliation for Pyle Garage at the end of March. (Negative amounts should be indicated wit PYLE GARAGE Bank Reconciliation March 31, Year 2 Unadjusted Bank Balance, March 31, Year 2 Add: Deposit in transit Less: Outstanding checks True Cash Balance, March 31, Year 2 Unadjusted Book Balance, March 31, Year 2 Add: Credit memo for collection of notes recentable True Cash Balance, March 31, Year 2 0 $ 0 69 0 Required A Required B Explain how the adjustments described account".) Item No. 1. 2. 3. 4. 5. 6. Affect on the Cash Account