Question 8.2: Items on Company’s Bank Statement The following items may ap......

Items on Company’s Bank Statement

The following items may appear on a bank statement:

1. NSF check
2. EFT deposit
3. Service charge
4. Bank correction of an error from recording a $400 check as $40

Using the format shown below, indicate whether the 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.