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13 September, 15:11

The following items may appear on a bank statement: 1. Bank correction of an error from posting another customer's check (disbursement) to the company's account 2. EFT deposit 3. Loan proceeds 4. NSF check 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:

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  1. 13 September, 15:37
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    Item No. Appears on the bank

    Bank statement as

    Credit or debit

    Memo

    1. Credit memo

    2. Credit memo

    3. Credit memo

    4. Debit memo

    Increases or

    Decreases the

    Balance of the

    Company's Bank

    Account

    1, Increases

    2. Increases

    3. Increases

    4. Decreases
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