The following information is available for Pyle Garage for March, Year 2:
BANK STATEMENT HAZARD STATE BANK 215 MAIN STREET HAZARD, GA 30321 |
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Pyle Garage 629 Main Street HAZARD, GA 30321 |
Account number 62-00062 March 31, Year 2 |
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Beginning balance 3/1/Year 2 | $9,070 | ||||||||||
Total deposits and other credits | 30,096 | ||||||||||
Total checks and other debits | 25,024 | ||||||||||
Ending balance 3/31/Year 2 | 14,142 | ||||||||||
Checks and Debits | Deposits and Credits | ||||||||||
Check No. | Amount | Date | Amount | ||||||||
1462 | $ | 3,795 | March | 1 | $ | 1,140 | |||||
1463 | 1,684 | March | 2 | 6,548 | |||||||
1464 | 8,040 | March | 6 | 4,976 | |||||||
1465 | 2,946 | March | 12 | 6,209 | |||||||
1466 | 1,449 | March | 17 | 6,006 | |||||||
1467 | 6,220 | March | 22 | 2,126 | |||||||
DM | 60 | CM | 3,091 | ||||||||
1468 | 830 | ||||||||||
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 | $ | 1,684 | March | 1 | $ | 6,548 | ||||
March | 5 | 1464 | 8,040 | March | 5 | 4,976 | ||||||
March | 6 | 1465 | 2,946 | |||||||||
March | 9 | 1466 | 1,449 | March | 10 | 6,209 | ||||||
March | 10 | 1467 | 6,220 | |||||||||
March | 14 | 1468 | 135 | March | 16 | 6,006 | ||||||
March | 19 | 1469 | 1,539 | March | 19 | 2,126 | ||||||
March | 28 | 1470 | 783 | March | 29 | 3,587 | ||||||
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 $1,140.
Check no. 1468 was for the purchase of equipment.
The unadjusted Cash account balance at March 31 was $13,071.
Required:
Prepare the bank reconciliation for Pyle Garage at the end of March.
Explain how the adjustments described above affect the cash account.
The following information is available for Pyle Garage for March, Year 2: BANK STATEMENT HAZARD STATE...
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 Account number 629 Main Street 62-00062 HAZARD, GA 30321 March 31, Year 2 Beginning balance 3/1/Year 2 $9,095 Total deposits and other credits 30, 233 Total checks and other debits 25,231 Ending balance 3/31/Year 2 14,097 Checks and Debits Deposits and Credits Check No. Amount Date Amount 1462 $3,818 March 1 $1,162 1463 1,704 March...
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 Account number 629 Main Street 62-00062 HAZARD, GA 30321 March 31, Year 2 Beginning balance 3/1/Year 2 $9,047 Total deposits and other credits 29,912 Total checks and other debits 24,758 Ending balance 3/31/Year 2 14,201 Checks and Debits Deposits and Credits Check No. Amount Date Amount 1462 $3,770 March 1 $1,113 1463 1,662 March 2...
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 Account number 629 Main Street 62-00062 HAZARD, GA 30321 March 31, Year 2 Beginning balance 3/1/Year 2 $9,063 Total deposits and other credits 30,048 Total checks and other debits 24,959 Ending balance 3/31/Year 2 14, 152 Checks and Debits Deposits and Credits Check No. Amount Date Amount 1462 $3,789 March 1 $1,131 1463 1,676 March...
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 Account number 629 Main Street 62-00062 HAZARD, GA 30321 March 31, Year 2 Beginning balance 3/1/Year 2 $9,063 Total deposits and other credits 30,048 Total checks and other debits 24,959 Ending balance 3/31/Year 2 14,152 Checks and Debits Deposits and Credits Check No. Amount Date Amount 1462 $3,789 March 1 $1,131 1463 1,676 March 2...
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