bank correction of an error from posting another customer rsquo s check to the compa 554062

PE 8-2B Items on company’s bank statement

The following items may appear on a bank statement:

1. NSF check

2. Bank correction of an error from posting another customer’s check to the company’s account

3. Loan proceeds

4. EFT deposit

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.