Problem 4-22 Bank reconciliation and adjustments to the cash account
CHECK FIGURE
True Cash Balance, March 31, 2018: 2024 – Write My Essay For Me | Essay Writing Service For Your Papers Online: $16,398
The following information is available for Pyle Garage for March 2018: 2024 – Write My Essay For Me | Essay Writing Service For Your Papers Online:
The following is a list of checks and deposits recorded on the books of Pyle Garage for March 2018: 2024 – Write My Essay For Me | Essay Writing Service For Your Papers Online:
Page 158
Other Information
Check no. 1462 was outstanding from February.
A credit memo for collection of accounts receivable was included in the bank statement.
All checks were paid at the correct amount.
The bank statement included a debit memo for service charges.
The February 28 bank reconciliation showed a deposit in transit of $1,000.
Check no. 1468 was for the purchase of equipment.
The unadjusted Cash account balance at March 31 was $16,868.
Required
Prepare the bank reconciliation for Pyle Garage at the end of March.
Explain how the adjustments described above affect the cash account.
PROBLEM 4-22
a.
Pyle Garage
Bank Reconciliation
March 31, 2018: 2024 – Write My Essay For Me | Essay Writing Service For Your Papers Online
Unadjusted Bank Balance, March 31, 2018: 2024 – Write My Essay For Me | Essay Writing Service For Your Papers Online
$
Add:
Less:
$
True Cash Balance, March 31, 2018: 2024 – Write My Essay For Me | Essay Writing Service For Your Papers Online
$
Unadjusted Book Balance, March 31, 2018: 2024 – Write My Essay For Me | Essay Writing Service For Your Papers Online
$
Add:
Less:
$
True Cash Balance, March 31, 2018: 2024 – Write My Essay For Me | Essay Writing Service For Your Papers Online
$
b.
Item No.
Affect on the cash account:
1.
2.
3.
4.
5.
6.
