Make the necessary journal entries arising from Greenacres Auto Center's bank reconciliation presented next. Date each entry
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Make the necessary journal entries arising from Greenacres Auto Center's bank reconciliation presented next. Date each entry May 31 and include an explanation with each entry?
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Greenacres Auto Center Bank Reconciliation May 31 BANK BOOKS Bal, May 31 $ 678 Bal, May 31 $ 785 Add: Add: Deposit in transit 300 Interest revenue 5 978 790 Less: Service charge (345) NSF Checks $ 633 Less: (25) Outstanding checks Adjusted bank balance (132) $ 633 Adjusted book balance
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