Question: The following items may appear on a bank statement: 1. Service charge 2. Note collected for depositor 3. Bank correction of an error from recording
The following items may appear on a bank statement:
1. Service charge
2. Note collected for depositor
3. Bank correction of an error from recording a $2,100 deposit as $1,200
4. EFT payment
Using the format shown below, indicate whether each item would appear as a debit or credit memorandum on the bank statement and whether the item would increase or decrease the balance of youraccount.
1. Service charge
2. Note collected for depositor
3. Bank correction of an error from recording a $2,100 deposit as $1,200
4. EFT payment
Using the format shown below, indicate whether each item would appear as a debit or credit memorandum on the bank statement and whether the item would increase or decrease the balance of youraccount.
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Appears on the Bank Statement as a Debit or Credit Memorandum Increases or Decreases the Balance of the Depositor's Bank Account Item No.
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