A Debit or Credit Memo Describing Entries in the Company's

Multiple Choice

A debit or credit memo describing entries in the company's bank account may be enclosed with the bank statement. An example of a credit memo is

A) deposited checks returned for insufficient funds
B) collection of a promissory note
C) a service charge
D) notification that a customer's check for $375 was recorded by the company as $735 on the deposit ticket