The following items may appear on a ban statement:

1. EFT payment

2. Note collected for company

3. Bank correction of an error from recording a $7,200 deposit as $2,700

4. Service charge

using the format shown below, indicate whether each item would appear as a debit or credit memo on the bank statement and whether the item would increase or decrease the balance of the company’s account.

Transcribed Image Text:

Appears on the Bank Statement as a Debit or Credit Memo Increases or Decreases the Balance of the Company's Item No Bank Account