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The bank statement for Link Company contained the following items: a bank service charge of $10; a credit memo for interest earned, $15; and a
The bank statement for Link Company contained the following items: a bank service charge of $10; a credit memo for interest earned, $15; and a $50 NSF check from one of Link's customers. Outstanding checks amounted to $100; a deposit in transit was $300. What documentation issued by a bank decreases the balance in a company's checking account balance at the bank?
a credit memos
credit entries
a debit memo
NSF checks
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