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Paul [167]
4 years ago
7

The following information is available for Pyle Garage for March 2018

Business
1 answer:
enot [183]4 years ago
6 0

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

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