IV. Direction: Determine if the bank transaction is to be shown on the debit side or credit side of bank statement. Write DEBIT or CREDIT on the blank before the number. __________1. NSF check. __________2. Interest on depositor’s account. __________3. Cancelled check. __________4. Deposits made by depositor. __________5. Check booklet fee. __________6. Payment made by debtor to the account of depositor. __________7. Notes collected by bank for the account of depositor. __________8. Bank service charge. __________9. Check from customer honored by bank. _________10. Check issued by depositor honored by bank
IV. Direction: Determine if the bank transaction is to be shown on the debit side or credit side of bank statement. Write DEBIT or CREDIT on the blank before the number. __________1. NSF check. __________2. Interest on depositor’s account. __________3. Cancelled check. __________4. Deposits made by depositor. __________5. Check booklet fee. __________6. Payment made by debtor to the account of depositor. __________7. Notes collected by bank for the account of depositor. __________8. Bank service charge. __________9. Check from customer honored by bank. _________10. Check issued by depositor honored by bank
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
IV. Direction: Determine if the bank transaction is to be shown on the debit side or credit side of bank
statement. Write DEBIT or CREDIT on the blank before the number.
__________1. NSF check.
__________2. Interest on depositor’s account.
__________3. Cancelled check.
__________4. Deposits made by depositor.
__________5. Check booklet fee.
__________6. Payment made by debtor to the account of depositor.
__________7. Notes collected by bank for the account of depositor.
__________8. Bank service charge.
__________9. Check from customer honored by bank.
_________10. Check issued by depositor honored by bank
Transcribed Image Text:IV.
Direction: Determine if the bank transaction is to be shown on the debit side or credit side of bank
statement. Write DEBIT or CREDIT on the blank before the number.
1. NSF check.
2. Interest on depositor's account.
3. Cancelled check.
4. Deposits made by depositor.
5. Check booklet fee.
_6. Payment made by debtor to the account of depositor.
_7. Notes collected by bank for the account of depositor.
8. Bank service charge.
_9. Check from customer honored by bank.
10. Check issued by depositor honored by bank.
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