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3 years ago

The following information is available for Pyle Garage for March 2018

Business

1 answer:

enot [183]3 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 ($2,339)

True Cash Balance, March 31, 2018 $15,379

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 ($779.00)

True Cash Balance, March 31, 2018 $15,379

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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