The following information is available for Cooters Garage for March 2012:

The following is a list of checks and deposits recorded on the books of Cooters Garage for March 2012:

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 $1,000.
6. Check no. 1468 was for the purchase of equipment.
7. The unadjusted Cash account balance at March 31 was $16,868.

Required
a. Prepare the bank reconciliation for Cooters Garage at the end of March.
b. Explain how the adjustments described above affect the cashaccount.

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BANK STATEMENT HAZARD STATE BANK 215 MAIN STREET HAZARD, GA 30321 Cooters Garage 629 Main street Hazard, GA 30321 Account number 62-00062 March 31, 2012 Beginning balance 3/1/2012 Total deposits and other credits Total checks and other debits Ending balance 3/31/2012 $15,000.00 7,000.00 6,000.00 16,000:00 Checks and Debits Deposits and Credits Check No Amount Date March 1 March 2 March 6 March 12 March 17 March 22 CM Amount 1462 1463 1464 1465 1466 1467 DM 1468 $1,163.00 62.00 1,235.00 750.00 1,111.00 964.00 15.00 700.00 $1,000.00 1,340.00 210.00 1,940.00 855 00 1,480.00 175.00 Amount Amount of Deposit S1,340.00 210.00 Date Check No. of Check Date March 1 March 5 March 6 March 9 March 10 March 14 March 19 March 28 S 62.00 1,235.00 750.00 1, 111.00 964.00 70.00 1,500.00 102.00 March 1 March 5 1463 1464 1465 1466 1467 1468 1469 1470 March 10 1,940.00 March 16 March 19 March 29 855.00 1,480.00 2,000.00