For each timing difference listed, identify whether the difference would be reported on the book side of the reconciliation or the bank side of the reconciliation. In addition, identify whether the difference would be an addition or subtraction.Is it anIs book or bank addition orTiming differenceaffected?subtraction?a. Deposit in transitb. Bank collectionc. Debit memorandum from bankd. EFT cash receipte. Outstanding checksf. $1,000 deposit erroneously recorded by the bank as $100g. Service chargesh. Interest revenuei. $2,500 cash payment for rent expense erroneously recorded by the business as $250j. Credit memorandum from bank

Bank Reconciliation refers to the comparison of bank and book statements to make sure that both show…

For each timing difference listed, identify whether the difference would be reported on the book side of the reconciliation or the bank side of the reconciliation. In addition, identify whether the difference would be an addition or subtraction. Is it an Is book or bank addition or affected? Timing difference subtraction? a. Deposit in transit b. Bank collection c. Debit memorandum from bank d. EFT cash receipt e. Outstanding checks f. $1,000 deposit erroneously recorded by the bank as $100 g. Service charges h. Interest revenue i. $2,500 cash payment for rent expense erroneously recorded by the business as $250 j. Credit memorandum from bank