using the format shown below indicate whether each item would appear as a debit or c 549651
PE 8-2A Items on company’s bank statement
The following items may appear on a bank statement:
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using the format shown below indicate whether each item would appear as a debit or c 549651
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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.
|
Appears on the |
||
|
Bank Statement as |
Increases or Decreases the |
|
|
a Debit or Credit |
Balance of the Company’s |
|
|
Item No. |
Memo |
Bank Account |
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