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You Are Trying to Explain Debit and Credit Memos That

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You are trying to explain debit and credit memos that appear on bank statements and whether these will increase or decrease your company's bank account balance. Complete the following table to help your new staff understand.  Item  Debit  or  Credit  Memo  Increases or  Decreases the  Company’s Bank  Account Balance  EFT payment  Bank correction of an error due to posting another  customer’s check to your account  Service charge  Note and interest collected for our company  NSF check  Bank correction of an error recording a $250 deposit as $520 EFT deposit \begin{array} { | l | c | c| } \hline { \text { Item } } & \begin{array} { c } \text { Debit } \\\text { or } \\\text { Credit } \\\text { Memo }\end{array} & \begin{array} { c } \text { Increases or } \\\text { Decreases the } \\\text { Company's Bank } \\\text { Account Balance }\end{array} \\\hline \text { EFT payment } & & \\\hline \begin{array} { l } \text { Bank correction of an error due to posting another } \\\text { customer's check to your account }\end{array} & & \\\hline \text { Service charge } & & \\\hline \text { Note and interest collected for our company } & & \\\hline \text { NSF check } & & \\\hline \begin{array} { l } \text { Bank correction of an error recording a } \$ 250 \text { deposit as } \\\$ 520\end{array} & & \\\hline \text { EFT deposit } & & \\\hline\end{array}

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Documents that analyze a problem, consider solutions, and recommend actions to address the issue.

Desirable One

An option or choice that is preferred or sought after due to its appealing qualities or advantages.

Structural Coherence Plan

A planned approach ensuring that the various parts of a text or system are logically connected and unified.

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