Question

The following information is available for Pyle Garage for March 2018:

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, 2018
Beginning balance 3/1/2018						$9,047
Total deposits and other credits						29,912
Total checks and other debits						24,758
Ending balance 3/31/2018						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		6,514
		1464		8,013		March	6		4,949
		1465		2,912		March	12		6,187
		1466		1,418		March	17		5,980
		1467		6,200		March	22		2,102
		DM		33		CM			3,067
		1468		750

The following is a list of checks and deposits recorded on the books of Pyle Garage for March 2018:

Date			Check No.	Amount of Check			Date			Amount of Deposit
March	1		1463	$	1,662		March	1		$	6,514
March	5		1464		8,013		March	5			4,949
March	6		1465		2,912
March	9		1466		1,418		March	10			6,187
March	10		1467		6,200
March	14		1468		95		March	16			5,980
March	19		1469		1,517		March	19			2,102
March	28		1470		761		March	29			3,566

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 $1,113.

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

7. The unadjusted Cash account balance at March 31 was $13,110.

Required:

Prepare the bank reconciliation for Pyle Garage at the end of March.

PYLE GARAGE
Bank Reconciliation
March 31, 2018
Unadjusted Bank Balance, March 31, 2018
		0
True Cash Balance, March 31, 2018		$0
Unadjusted Book Balance, March 31, 2018
		0
True Cash Balance, March 31, 2018		$0

Answer 1