ncluded with its bank statement a firm may receive a credit memorandum, which could indicate

Multiple Choice

• a bank service charge deducted from the firm's account balance.

• the bank's return of a dishonored (NSF) check that was issued by a credit customer of the firm.

• a fee for printing new business checks.

• an addition to the firm's account balance because the bank collected the amount due on a promissory note from a customer of the firm.