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