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 $2$ $$15,000\mathrm{.}00$

Total deposits and other credits $7,000\mathrm{.}00$

Total checks and other debits $6,000\mathrm{.}00$

Ending balance $3/31/$Year $216,000\mathrm{.}00$

Checks and Debits Deposits and Credits

Check No$.$ Amount Date Amount

$1462$ $ $1,163\mathrm{.}00$ March $1$ $ $1,000\mathrm{.}00$

$146362\mathrm{.}00$ March $21,340\mathrm{.}00$

$14641,235\mathrm{.}00$ March $6210\mathrm{.}00$

$1465750\mathrm{.}00$ March $121,940\mathrm{.}00$

$14661,111\mathrm{.}00$ March $17855\mathrm{.}00$

$1467964\mathrm{.}00$ March $221,480\mathrm{.}00$

DM $15\mathrm{.}00$ CM $175\mathrm{.}00$

$1468700\mathrm{.}00$

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 $11463$ $ $62\mathrm{.}00$ March $1$ $ $1,340\mathrm{.}00$

March $514641,235\mathrm{.}00$ March $5210\mathrm{.}00$

March $61465750\mathrm{.}00$

March $914661,111\mathrm{.}00$ March $101,940\mathrm{.}00$

March $101467964\mathrm{.}00$

March $14146870\mathrm{.}00$ March $16855\mathrm{.}00$

March $1914691,500\mathrm{.}00$ March $191,480\mathrm{.}00$

March $281470102\mathrm{.}00$ March $292,000\mathrm{.}00$

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 $$1,000.$

Check no$.1468$ was for the purchase of equipment.

The unadjusted Cash account balance at March $31$ was $$16,868.$

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.$)$