The following items may appear on a bank statement: 1. Bank correction of an error from recording a $6,200 deposit as $2,600

The following items may appear on a bank statement:

1. Bank correction of an error from recording a $6,200 deposit as $2,600

2. EFT payment

3. Note collected for company

4. Service charge

Using the following format, 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:

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

Answer:

Appears on the Bank  Increases or Decreases Statement as a Debit the Balance of the or Credit Memo Company’s Bank Account credit memo increases debit memo decreases credit memo increases debit memo decreases