Answer:
Pyle Garage
Bank Reconciliation
March 31, 2018
Unadjusted Bank Balance, $14,125
March 31, 2018
Add: Deposit in Transit $3,593
Less: Outstanding Checks #1469 $1,546
Outstanding Checks 1470 $793 <u>($2,339)</u>
True Cash Balance, March 31, 2018 <u>$15,379</u>
Unadjusted Book Balance, March 31, 2018 $13,060
Add: Credit Memo for Collection of $3,098
Accounts Receivable
Less: Error in Recording Check #1468 $710
Debit Memo for Service Charges $69 <u>($779.00)</u>
True Cash Balance, March 31, 2018 <u>$15,379</u>
b. Account Titles Debit Credit
Cash $3,098
Accounts Receivable $3,098
Equipment $710
Cash $710
Bank Service Charge Expense $69
Cash $69