Bank reconciliation and adjustments to the cash accountThe following information is availa...

Bank reconciliation and adjustments to the cash account

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. Record in general journal form any necessary entries to the Cash account to adjust it to the true cash balance.