You are trying to explain debit and credit memos that appear on bank statements and whetther these will increase or decrease your company's bank account balance Complete the following table t help your new staff understand Debit or Credit Memo Increases or Decreases the Company's Bank Account Balance ITEM EFT payment Bank correction of an error due to psther customer's check to your account Service charige Note and interest collected for our company NSF check lank correction of an error recording a $250 deposit as $520 EFT deposit ANSWER Increases or Decreases the Company's Ban Debit or Credit Memo Account Balance ITEM The following items may appear on a bank statement 1. NSF check 2. EFT deposit 3. Service charge . Bank correction of an error from recording a $300 check as $30 56.8 98.0 47.5 3268 3269 3270 3271 3272 68.00 3273 215,563274 3275 3253 3254 3255 3256 3257 3258 3259 3260 48.90 34.41 872.00 22.00 562.3 512.00 603.50 1124 250 38.5 926