Pyle Garage 629 Main Street HAZARD, GA 30321 Beginning balance 3/1/Year 2 Total deposits and other credits Total checks and other debits Ending balance 3/31/Year 2 Date March 1 March 5 March 6 1465 March 9 1466 March 10 1467 March 14 1468 March 19 1469 March 28 1470 Checks and Debits Check No. 1462 1463 1464 1465 1466 1467 DM 1468 BANK STATEMENT HAZARD STATE BANK 215 MAIN STREET HAZARD, GA 30321 Amount of Check $1,676 8,034 2,936 1,442 6,217 125 1,534 778 Amount $3,789 1,676 8,034 2,936 1,442 6,217 55 810 The following is a list of checks and deposits recorded on the books of Pyle Garage for March, Year Amount of Check No. 1463 Deposit $6,539 1464 4,968 6,204 6,000 2,120 3,583 Date March 1 March 5 March 10 March 16 March 19 March 29 Deposits and Credits Date Amount $1,131 6,539 4,968 6,204 March 1 March 2 March 6 Account number 62-00062 March 31, Year 2 $9,063 30,048 24,959 14,152 March 12 March 17 March 22 CM 6,000 2,120 3,086 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 $1,131. 6. Check no. 1468 was for the purchase of equipment. 7. The unadjusted Cash account balance at March 31 was $13,077.
Pyle Garage 629 Main Street HAZARD, GA 30321 Beginning balance 3/1/Year 2 Total deposits and other credits Total checks and other debits Ending balance 3/31/Year 2 Date March 1 March 5 March 6 1465 March 9 1466 March 10 1467 March 14 1468 March 19 1469 March 28 1470 Checks and Debits Check No. 1462 1463 1464 1465 1466 1467 DM 1468 BANK STATEMENT HAZARD STATE BANK 215 MAIN STREET HAZARD, GA 30321 Amount of Check $1,676 8,034 2,936 1,442 6,217 125 1,534 778 Amount $3,789 1,676 8,034 2,936 1,442 6,217 55 810 The following is a list of checks and deposits recorded on the books of Pyle Garage for March, Year Amount of Check No. 1463 Deposit $6,539 1464 4,968 6,204 6,000 2,120 3,583 Date March 1 March 5 March 10 March 16 March 19 March 29 Deposits and Credits Date Amount $1,131 6,539 4,968 6,204 March 1 March 2 March 6 Account number 62-00062 March 31, Year 2 $9,063 30,048 24,959 14,152 March 12 March 17 March 22 CM 6,000 2,120 3,086 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 $1,131. 6. Check no. 1468 was for the purchase of equipment. 7. The unadjusted Cash account balance at March 31 was $13,077.
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter5: Cash Control Systems
Section: Chapter Questions
Problem 2AP
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Transcribed Image Text: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
629 Main Street
HAZARD, GA 30321
Beginning balance 3/1/Year 2
Total deposits and other credits
Total checks and other debits
Ending balance 3/31/Year 2
Checks and Debits
Check No.
1462
1463
1464
1465
1466
1467
DM
1468
Date
March 1
March 5
March 6
1463
1464
1465
March 9
1466
March 10 1467
1468
1469
1470
March 14
March 19
March 28
Amount of
Check
$1,676
8,034
Amount
$3,789
1,676
8,034
2,936
1,442
6,217
125
1,534
778
2,936
1,442
6,217
55
810
The following is a list of checks and deposits recorded on the books of Pyle Garage for March, Year 2:
Amount of
Check
No.
Deposit
$6,539
4,968
Date
March 1
March 5
March 10
March 16
March 19
March 29
Deposits and Credits
Date
Amount
March 1
March 2
March 6
March 12
March 17
March
22
CM
Account number
62-00062
March 31, Year 2
$9,063
30,048
24,959
14, 152
6,204
6,000
2,120
3,583
$1,131
6,539
4,968
6,204
6,000
2,120
3,086
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 $1,131.
6. Check no. 1468 was for the purchase of equipment.
7. The unadjusted Cash account balance at March 31 was $13,077.
Transcribed Image Text: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 $1,131.
6. Check no. 1468 was for the purchase of equipment.
7. The unadjusted Cash account balance at March 31 was $13,077.
Show Transcribed Text
Required A Required B
Unadjusted Bank Balance, March 31, Year 2
Prepare the bank reconciliation for Pyle Garage at the end of March. (Negative amounts should be indicated with minus sign.)
PYLE GARAGE
Bank Reconciliation
March 31, Year 2
True Cash Balance, March 31, Year 2
Unadjusted Book Balance, March 31, Year 2
True Cash Balance, March 31, Year 2
Show Transcribed Text
Required A Required B
Item No.
1.
2.
3.
4.
5.
6.
< Required A
Affect on the Cash
Account
3
c
< Required A
$
Required B
c
Explain how the adjustments described above affect the cash account. (Select "Not affected" if there is no affect on the "Cash
account".)
0
0
Required B
0
0
>
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