Items on company’s bank statement Obj. 4

The following items may appear on a bank statement:

1. Bank correction of an error from recording a $6,200 deposit as $2,600

2. EFT payment

3. Note collected for company

4. Service charge

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:

Item No.

Appears on the

Bank Statement as

a Debit or Credit

Memo

Increases or Decreases the

Balance of the Company’s

Bank Account

AppendixLO1