For each timing difference listed, identify whether the difference would be reported on the book side of
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Question:
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
g. Service charges
h. Interest revenue
i. $ 2,500 cash payment for rent expense erroneously recorded by the business as $ 250
j. Credit memorandum
Related Book For
Financial Accounting
ISBN: 978-0134725987
12th edition
Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
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