Ori creates a living trust to pass his assets, including stock in petro oil company and other business investments, to his heirs. one advantage of this arrangement is that income taxes do not have to be paid on trust earnings. the assets are sheltered from the payment of estate taxes. the assets can be transferred without going through probate. the trust does not come into existence until the grantor's death.

The following items could appear on a bank reconciliation: a. outstanding checks, $670. b. deposits in transit, $1,500. c. nsf check from customer, no. 548, for $175. d. bank collection of note receivable of $800, and interest of $80. e. interest earned on bank balance, $20. f. service charge, $10. g. the business credited cash for $200. the correct amount was $2,000. h. the bank incorrectly decreased the business's by $350 for a check written by another business. classify each item as (1) an addition to the book balance, (2) a subtraction from the book balance, (3) an addition to the bank balance, or (4) a subtraction from the bank balance.