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 Account number 62-00062 March 31, Year 2 Beginning balance 3/1/Year 2 $9,079 Total deposits and other credits 30,142 Total checks and other debits 25,086 Ending balance 3/31/Year 2 14,135 Checks and Debits Deposits and Credits Check No. Amount Date Amount 1462 $ 3,803 March 1 $ 1,148 1463 1,691 March 2 6,553 1464 8,049 March 6 4,985 1465 2,948 March 12 6,214 1466 1,454 March 17 6,012 1467 6,227 March 22 2,133 DM 64 CM 3,097 1468 850 The following is a list of checks and deposits recorded on the books of Pyle Garage for March, Year 2: Date Check No. Amount of Check Date Amount of Deposit March 1 1463 $ 1,691 March 1 $ 6,553 March 5 1464 8,049 March 5 4,985 March 6 1465 2,948 March 9 1466 1,454 March 10 6,214 March 10 1467 6,227 March 14 1468 145 March 16 6,012 March 19 1469 1,545 March 19 2,133 March 28 1470 791 March 29 3,590 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. *********** Prepare the bank reconciliation for Pyle Garage at the end of March. (Negative amounts should be indicated with minus sign.) PYLE GARAGE Bank Reconciliation March 31, Year 2 Unadjusted Bank Balance, March 31, Year 2 0 True Cash Balance, March 31, Year 2 $0 Unadjusted Book Balance, March 31, Year 2 0 True Cash Balance, March 31, Year 2 $0 and Explain how the adjustments described above affect the cash account. (Select "Not affected" if there is no affect on the "Cash account".) Item No. Affect on the Cash Account 1. 2. 3. 4. 5. 6