The following items may appear on a bank statement: 1. Bank correction of an error from recording
Question:
The following items may appear on a bank statement:
1. Bank correction of an error from recording a $3,200 deposit as $2,300
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's account.
Transcribed Image Text:
Appears on the Bank Statement as a Debit or Credit Memo Increases or Decreases the Balance of the Company's Bank Account Item No,
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Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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