The following items may appear on a bank statement:

1. Bank correction of an error from recording a $4,800 deposit as $8,400

2. EFT payment

3. Note collected for company

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 companys account.

Item No.

Appears on the

Bank Statement as

a Debit or Credit

Memo

Increases or Decreases the

Balance of the Companys

Bank Account