The following items may appear on a bank statement: 1. Service charge 2. Note collected for depositor
Question:
1. Service charge
2. Note collected for depositor
3. Bank correction of an error from recording a $2,100 deposit as $1,200
4. EFT payment
Using the format shown below, indicate whether each item would appear as a debit or credit memorandum on the bank statement and whether the item would increase or decrease the balance of youraccount.
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Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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