The following items may appear on a bank statement:

1. Bank correction of an error from recording a $7,400 deposit as $4,700

2. EFT payment

3. Note collected for company

4. Service charge

Using the following format, 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 Increases or Decreases the Balance of the Company's Bank Account Item No. Memo