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Financial Accounting

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Bank Reconciliation: Credit Memos

FINACT-REZBK0

For which of the following activities does a bank record credit entries (that is, issue credit memos)?

Select ALL that apply.

A

Deposits made by electronic funds transfer (EFT).

B

Bank service charges.

C

Interest earned on a company's account balance.

D

Receipt of loan proceeds from the bank to the company.