Items on company’s bank statement Obj. 4

The following items may appear on a bank statement:

1. Bank correction of an error from posting another customer’s check (disbursement) to the company’s account

2. EFT deposit

3. Loan proceeds

4. NSF check

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