In addition to the above list of the checks, Madison had check #2264 for $32.98 and c for $45.99 outstanding previously that have not cleared heck #2655 Create an outstanding checks list for Madison at the end of May 2. What is the total amount of checks that cleared the bank (written in May)? Madison Company May 31 Outstanding Checks List Check # | Amount Problems 15 points each You are trying to explain debit and credit memos that appear on bank stat will increase or decrease your company's bank account balance. Complete the 1o help your new staff understand. ements and whether these llowing table to Debit Increases or Decreases the Company's Bank Account Balance Credit Memo ITEM EFT payment Bank correction of an error due to posting another customer's check to your account Note and interest collected for our company NSF check Bank correction of an error recording a $250 leposit as $520 EFT deposit ANSWER Debit Increases or Decreases the or CreditCompany's Bank Memo Account Balance ITEM The following items may appear on a bank statement: 1. NSF check 2. EFT deposit 3. Service charge 4. Bank correction of an error from recording a $300 check as $30 789.00 48.90 34.41 3268 3269 3270 3271 3272 68.00 3273 215.56 3274 3275 3276 3277 72.96 3278 56.8 98.0 47.5 1.124.7 250.0 3252 3253 3254 3255 3256 3257 3258 3259 3260 872 22. 562.3 512.00 603.50 6 92.6 44.61 301.61 47.8 3261 3262