The following items may appear on a bank statement 1
The following items may appear on a bank statement:
1. Bank correction of an error from recording a $4,800 deposit as $8,400
2. EFT payment
3. Note collected for company
4. Service charge
Using the format shown below, indicate whether each item would appear as a debit or credit memo on the bank statement and whether the item would increase or decrease the balance of the company’saccount.
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