Question: The following items may appear on a bank statement: 1. Bank correction of an error from posting another customers check (disbursement) to the companys account

The following items may appear on a bank statement:

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

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:

The following items may appear on a bank statement:1. Bank correction of

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