5274estherp
Answered

Which of the following events would cause a bank to reduce a depositor's account?

The depositor orders new checks through the bank at a cost of $50.


The bank collects a note receivable and related interest on the depositor's behalf.


There are outstanding checks drawn on the account at month-end.


There are deposits in transit on the account at month-end.


The bank corrects an error from previous month by adding $75 to the depositor account

Answer :

rgruszec

Answer:

There are two events that would reduce a depositor's account:

 - the depositor orders new checks through the bank for $50

 - there are outstanding checks drawn on the account at the month-end

Explanation:

These situations will decrease the depositor's account balance by $50 and for the amount of the outstanding checks (which amounts were not stated).

Other Questions