The following items may appear on a bank statement:
1. EFT payment
2. Note collected for company
3. Bank correction of an error from recording a $7,200 deposit as $2,700
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.