Develop Your Skills EA5-D1 – College Pal

Develop Your Skills EA5-D1

In this exercise, you will create a bank reconciliation for City Music World for the month ended December 31, 2026. The reconciliation will be partly based on these figures: Bank Statement Balance (12/31/2026) equals $35,550; Notes Receivable equals $1,400; NSF Check equals $528; Bank Charges equals $150. During the previous month, the company erroneously recorded a check written by City Music World for $650 instead of the actual $950.