Final Answer:
The adjusted Cash account balance at March 31 is $17,868.
Step-by-step explanation:
Several adjustments need to be considered to determine the adjusted Cash account balance at March 31.
1. Outstanding Check from February (Check No. 1462): Since Check No. 1462 was outstanding from February, it needs to be subtracted from the unadjusted Cash account balance.
2. Credit Memo for Collection of Accounts Receivable: A credit memo for collection increases the Cash account balance. Therefore, this amount needs to be added.
3. Debit Memo for Service Charges: The bank statement includes a debit memo for service charges, which decreases the Cash account balance. Thus, this amount needs to be subtracted.
4. Deposit in Transit from February 28: The February 28 bank reconciliation showed a deposit in transit of $1,000. Since this deposit is already accounted for in the unadjusted Cash account balance, it does not require further adjustment.
5. Check No. 1468 for the Purchase of Equipment: Check No. 1468, used for the purchase of equipment, needs to be subtracted from the unadjusted Cash account balance.
Now, let's calculate the adjusted Cash account balance:
![\[ \text{Adjusted Cash balance} = \text{Unadjusted Cash balance} + \text{Credit Memo} - \text{Outstanding Check} - \text{Service Charges} - \text{Equipment Purchase} \]](https://img.qammunity.org/2024/formulas/business/high-school/p3an642pw1h7vwd29epqqh5j33flxd18vm.png)
![\[ \text{Adjusted Cash balance} = $16,868 + $175 - $1,163 - $15 - $700 = $17,868 \]](https://img.qammunity.org/2024/formulas/business/high-school/74j9oiw67s9cwzh3s2p69k7rwh3t20tl4o.png)
Therefore, the adjusted Cash account balance at March 31 is $17,868.