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 Account number: 62-00062 March 31, Year 2 $9,075 30,123 25,054 14,144 Deposits and Credits Check No. Amount Date Amount 1462 $3,798 March 1 $1,145 1463 1,688 March 2 6,550 1464 8,045 March 6 4,981 1465 2,947 March 12 6,212 1466 1,451 March 17 6,009 1467 6,222 March 22 2,130 DM 1468 63 840 CM 3,096 The following is a list of checks and deposits recorded on the books of Pyle Garage for March, Year 2 Amount of Date Check No. Amount of Check March 1 1463 $1,688 March 5 1464 8,045 Date March March 5 Deposit 1 $6,550 4,981 March 6 1465 2,947 March 9 1466 1,451 March 10 6,212 March 10 1467 6,222 March 14 1468 140 March 16 6,009 March 19 1469 1,542 March 19 2,130 March 28 1470 786 March 29 3,588 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 $1,145. 6. Check no. 1468 was for the purchase of equipment. 7 The unaducted Cach account halance at March 31 wae $12 071 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 $1,145. 6. Check no. 1468 was for the purchase of equipment. 7. The unadjusted Cash account balance at March 31 was $13,071. 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.