I need help with problem 11, and i also gave info from problem 5 and 6 to help PA11. LO 8.6 Inner Resources Company received the following bank statement. Using the information fromProblem PA5 and Problem PA6, prepare the bank reconciliation.Bank StatementBeginning Balance$0DepositsChecksA.$8,500101$ 650D.1,200102550103180106457Bank service charges100Total9,7001,937Ending Balance$7,763 PA5. LO 8.5 Inner Resources Company started its business on April 1, 2019. The following transactionsoccurred 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 30days.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.

Bank reconciliation statement is prepared to identify the items due to which the balance as per cash…

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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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