S7-8 (book/static) Question Help * For each timing diference listed, identify whether the diference 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 book or bank affected? Is it an addition or subtraction? Timing diflerence Deposit in transit Bank collection Debit memorandum from bank EFT cash receipt Outstanding checks $1,000 deposit erroneously recorded by the bank as $100 Service charges Interest revenue $2,500 cash payment for rent expense erroneously recorded by the business as a. b. c. d. e. f. g. h. $250 Credit memorandum from bank