Which of the following events would cause a bank to debit a depositor's account?
A) There are deposits in transit on the account at month-end.
B) The bank corrects an error from previous month by adding $75 to the depositor account.
C) The depositor orders new checks through the bank at a cost of $50.
D) There are outstanding checks drawn on the account at month-end.
E) The bank collects a note receivable and related interest on the depositor's behalf.

Question

Quizplus · Accepted Answer

When a depositor orders new checks, the bank charges a fee for this service, which results in a debit to the depositor's account.

Which of the Following Events Would Cause a Bank to Debit