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Question: S8-7 Identifying timing differences related to a bank reconciliation For each timing difference …
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Question: S8-7 Identifying timing differences related to a bank reconciliation  For each timing difference ...

Show transcribed image text S8-7 Identifying timing differences related to a bank reconciliation For each timing difference listed, identify, the difference would be rep the book side of the reconciliation or the bank side of the reconciliation. In ad identify whether the difference would be an addition or subtraction. a. Deposit in transit b. Bank collection c. Debit memorandum d. EFT cash receipt e. Outstanding checks f Outstanding checks f $1,000 deposit erroneously recorded by the bank as $100 service charges h. Internet revenue i. $2, 500 cash payment for rent erroneously recorded by the business as $250 j. Credit memorandum

S8-7 Identifying timing differences related to a bank reconciliation For each timing difference listed, identify, the difference would be rep the book side of the reconciliation or the bank side of the reconciliation. In ad identify whether the difference would be an addition or subtraction. a. Deposit in transit b. Bank collection c. Debit memorandum d. EFT cash receipt e. Outstanding checks f $1,000 deposit erroneously recorded by the bank as $100 service charges h. Internet revenue i. $2, 500 cash payment for rent erroneously recorded by the business as $250 j. Credit memorandum

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