The following items may appear on a bank statement: 1. Bank correction of an error from posting
Question:
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.
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Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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