Make the necessary journal entries arising from Cape Auto Centers bank reconciliation presented next Date each entry May 31 and include an explanation with eachentry Cape Auto Center Bank Reconciliation May 31 BANK B00KS Bal, May 31 Add Deposit in transit $ 681 Bal, May 31 Add S 785 300 Interest re...

Journal DATE ACCOUNTS POST REF Dr Cr May 31 C ...

Make the necessary journal entries arising from Cape Auto Centers bank reconciliation presented next. Date each entry

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Make the necessary journal entries arising from Cape Auto Center€™s bank reconciliation presented next. Date each entry May 31 and include an explanation with eachentry.

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Financial Accounting

ISBN: 978-0133052152

2nd edition

Authors: Robert Kemp, Jeffrey Waybright

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Question Posted: Apr 29, 2014 02:50 AM

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Make the necessary journal entries arising from Cape Auto Centers bank reconciliation presented next. Date each entry

Question:

Cape Auto Center Bank Reconciliation May 31 BANK B00KS Bal, May 31 Add: Deposit in transit $ 681 Bal, May 31 Add: S 785 300 Interest revenue 981 790 Less: Service charge Less: Outstanding checks (19) 140 631 (350) NSF Checks Adjusted bank balance 563 Adjusted book balance

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