determine which of the items on a bank statement would cause a decrease in the accounts balance. (check all…

determine which of the items on a bank statement would cause a decrease in the accounts balance. (check all that apply.) interest paid by the bank on the bank account balance atm withdrawals monthly service fees charged by the bank checks written by the account owner a customers check that is uncollectible deposits made during the month

determine which of the items on a bank statement would cause a decrease in the accounts balance. (check all that apply.) interest paid by the bank on the bank account balance atm withdrawals monthly service fees charged by the bank checks written by the account owner a customers check that is uncollectible deposits made during the month

Answer

Brief Explanations:

  • Interest paid by bank adds money, increasing balance.
  • ATM withdrawals take out money, decreasing balance.
  • Monthly service - fees are deductions, decreasing balance.
  • Checks written transfer money out, decreasing balance.
  • Uncollectible customer check doesn't directly affect account balance.
  • Deposits add money, increasing balance.

Answer:

  • B. ATM withdrawals
  • C. Monthly service fees charged by the bank
  • D. Checks written by the account owner