Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following information is available for Pyle Garage for March 2018: BANK STATEMENT HAZARD STATE BANK 215 MAIN STREET HAZARD, GA 38321 Pyle Garage 629

image text in transcribed
image text in transcribed
The following information is available for Pyle Garage for March 2018: BANK STATEMENT HAZARD STATE BANK 215 MAIN STREET HAZARD, GA 38321 Pyle Garage 629 Main Street Account number 62-00062 31, 2818 GA 303 Beginning balance 3/1/2018 Total deposits and other credits Total checks and other debits Ending balance 3/31/2018 $9,883 38,155 25,113 14,125 Deposits and Credits Amount March 1 $1,150 6,554 4,987 6,219 6,013 March 22 2,134 3,898 Checks and Debits Check No Date Amount $3,805 1462 1463 1464 1465 1466 1467 DM 1468 March 2 March 6 March 12 March 17 8,e50 2,951 1,455 6,230 69 868 CM The following is a list of checks and deposits recorded on the books of Pyle Garage for March 2018: Amount of Deposit $6,554 4,987 Check Amount of Date Date March 1 1463 $1,693 March 1 March 5 1464 8,05 March 5 March 6 1465 March 9 1466 March 18 1467 6,230 March 14 1468 March 19 1469 1,546 March 19 March 28 1470 2,951 6,219 6,013 2,134 3,593 158 March 16 793 March 29 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 $1150. 6. Check no. 1468 was for the purchase of equipment. 7. The unadjusted Cash account balance at March 31 was $13.060

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik

10th edition

0-07-794127-6, 978-0-07-79412, 978-0077431808

Students also viewed these Accounting questions