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3 years ago

The following information is available for Pyle Garage for March, Year 2:

Business

1 answer:

trasher [3.6K]3 years ago

8 0

Answer:

See below

Explanation:

Pyle Garage

Bank Reconciliation statement

March 31,

Unadjusted Bank balance

$14,107

March 31,

Add: Deposit in transit

$3,601

Less: Outstanding checks #1,469

($1,557)

Outstanding checks #1,470

($803)

True cash balance March 31, 2018

$15,348

Unadjusted Book balance, March 31

$13,036

Add: Credit memo for collection of

$3,110

Accounts receivables

Less: Error in recording check #1,468

[$890 - $165]

($725)

Debit memo for service charges

($73)

True cash balance March 31,

$15,348

B. Account titles

Cash Dr $3,110

Accounts receivables Cr. $3,110

Equipment Dr $725

Cash. Cr. $725

Bank service charge expense Dr $73

Cash. Cr. $73

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