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nent SessionLocator assignment-take&inprogress false Homework 26Mar18 eBook Show Me How Calculator ttems on Company's Bank Statement The following items may appear on a 1. Bank
nent SessionLocator assignment-take&inprogress false Homework 26Mar18 eBook Show Me How Calculator ttems on Company's Bank Statement The following items may appear on a 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. bank statement NSF check Indicate whether each item would appear as a debit the bank st or credit memo on the bank statement and whether the item would increase or decrease the balance of the Appears on the Bank Statement as a Debit or Credit Memo Item Balance of the Company's Bank Account t. Bank correction of an error from posting another customer's check (disbursement) to the company's account 2. EFT deposit Credit memo v Credit memo v Credit memo v Debit memo v 3. Loan proceeds 4. NSF check Check My Ware consider whether the tem resuits in a decreas an increase in the company's cast account A debt o credt memo na ts the bank's poston, no me oompany's In other words. a credit mento entry onthe Dank stateme ti increase (a credit) to the company's account Likewise, a deon meno entry on the bank statement indicates a decrease (a debit)nte company's account. A debil or creat memo reflects the bank's postion, not the company's in other words, a credit memo entry on the bank statement indicates an cates an Learning Objective 4 Previous Check My Work Save und Exit Submit Assignment for Grading Assignment Score: 57.81% 4-26 PM
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