PA11. LO 8.6 Inner Resources Company received the following bank statement. Using the information from Problem PA5 and Problem PA6, prepare the bank reconciliation. Bank Statement Beginning Balance $0 Deposits $8,500 1,200 Checks $ 650 550 A. 101 D. 102 103 180 106 457 Bank service charges 100 Total 9,700 1,937 Ending Balance $7,763
PA11. LO 8.6 Inner Resources Company received the following bank statement. Using the information from Problem PA5 and Problem PA6, prepare the bank reconciliation. Bank Statement Beginning Balance $0 Deposits $8,500 1,200 Checks $ 650 550 A. 101 D. 102 103 180 106 457 Bank service charges 100 Total 9,700 1,937 Ending Balance $7,763
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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I need help with problem 11, and i also gave info from problem 5 and 6 to help

Transcribed Image Text:PA11. LO 8.6 Inner Resources Company received the following bank statement. Using the information from
Problem PA5 and Problem PA6, prepare the bank reconciliation.
Bank Statement
Beginning Balance
$0
Deposits
Checks
A.
$8,500
101
$ 650
D.
1,200
102
550
103
180
106
457
Bank service charges
100
Total
9,700
1,937
Ending Balance
$7,763

Transcribed Image Text:PA5. LO 8.5 Inner Resources Company started its business on April 1, 2019. The following transactions
occurred during the month of April. Prepare the journal entries in the journal on Page 1.
A. The owners invested $8,500 from their personal account to the business account.
B. Paid rent $650 with check #101.
C. Initiated a petty cash fund $550 check #102.
D. Received $750 cash for services rendered.
E. Purchased office supplies for $180 with check #103.
F. Purchased computer equipment $8,500, paid $1,600 with check #104 and will pay the remainder in 30
days.
G. Received $1,200 cash for services rendered.
H. Paid wages $560, check #105.
I. Petty cash reimbursement office supplies $200, Maintenance Expense $140, Miscellaneous Expense
$65. Cash on Hand $93. Check #106.
J. Increased Petty Cash by $100, check #107.
PA6. LO 8.5 Prepare a trial balance using the journal entries in the Problem PA5.
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