The Wreight Company deposits all its cash receipts on the day that they are received and makes all cash payments in the form of checks.

You are not being asked to complete a Bank Reconcilement, but rather are being asked to determine how each of the situations below should be accounted for.

1. A $250 debit memorandum issued on February 4, 2020, to resolve a Bank error made in January 2020. The January error was included on the January Bank Reconcilement

2. A $3,980 credit memorandum issued on February 28, 2020, to resolve a Bank error made on February 21, 2020

3. A $248 debit memorandum issued on February 28, 2020, for bank fees. Victoria is learning about this item for the first time