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The following information is available for Pyle Garage for March, Year 2: BANK STATEMENT HAZARD STATE BANK 215 MAIN STREET HA
Other Information 1. Check no. 1462 was outstanding from February 2. A credit memo for collection of accounts receivable was
a. Prepare the bank reconciliation for Pyle Garage at the end of March. b. Explain how the adjustments described above affect
Complete this question by entering your answers in the tabs below. Required A Required B Explain how the adjustments describe
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Answer #1
Bank Reconciliation
                   PYLE GARAGE
Unadjusted Bank Balance ,March 31,2018 14,152
Add: Deposit in transit 3,583
less: checks oustanding
chq no 1469 1534
chq no 1470 778 2312
True Cash Balance ,March 31,2018 15,423
Unadjusted Book Balance ,March 31,2018 13,077
Add:credit memo 3086
less: .
Debit memo 55
Error in recording check 1468 685 740
True Cash Balance ,March 31,2018 15,423
Item No Affect on the cash account
1 no affect
2 increase
3 no affect
4 decrease
5 no affect
6 decrease
7 no affect
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