The following items may appear on a bank statement: 1. Bank correction of an error from posting

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The following items may appear on a bank statement:

1. Bank correction of an error from posting another customer’s check to your account
2. Loan proceeds
3. NSF check
4. EFT deposit

Using the format shown below, indicate whether each item would appear as a debit or credit memorandum on the bank statement and whether the item would increase or decrease the balance of your account.

Item No. Appears on the Bank Statement as a Debit or Credit Memorandum Increases or Decreases the Balance of

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Related Book For  answer-question

Accounting

ISBN: 978-0324401844

22nd Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

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