Inner Resources Company received the following bank statement.Bank StatementBeginning balanceA.D.Deposits$8,7001,200Total $9,900Ending balancePrepare the journChecks101102103106Bank service charges$650550150457110$1,917$0$7,983required to reconcile the book balance to the bank balance. If amount box does not requireentry field, leave it blank.

The difference in book balance and bank balance is occurring due to the bank service charges. The…

Inner Resources Company received the following bank statement. Bank Statement Beginning balance Deposits $8,700 1,200 A. D. Total $9,900 Ending balance Checks 101 102 103. 106 Bank service charges $650 550 150 457 110 $1,917 $0 $7,983 Prepare the journal entry required to reconcile the book balance to the bank balance. If an amount box does not require an entry field, leave it blank.

Inner Resources Company received the following bank statement. Bank Statement Beginning balance Deposits $8,700 1,200 A. D. Total $9,900 Ending balance Checks 101 102 103. 106 Bank service charges $650 550 150 457 110 $1,917 $0 $7,983 Prepare the journal entry required to reconcile the book balance to the bank balance. If an amount box does not require an entry field, leave it blank.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 11PA: Inner Resources Company received the following bank statement. Using the information from PA11 and...

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