The following items may appear on a bank statement: 1. Bank correction of an error from recording
Question:
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 companysaccount.
Transcribed Image Text:
Appears on the Bank Statement as a Debit or Credit Memo Increases or Decreases the Balan ce of the Company's Bank Account Item No.
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Related Book For
Corporate Financial Accounting
ISBN: 978-1133952411
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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