Can anyone let me know if I have these correct and if not what am I doing wrong.

1. For each of the following items, indicate whether its amount (i) affects the bank or book side of
a bank reconciliation and (ii) represents an addition or a subtraction in a bank reconciliation:

a. Outstanding checks d. Unrecorded deposits g. Bank service charges
b. Debit memos e. Interest on cash balance
c. NSF checks f. Credit memos
2. Which of the items in part 1 require an adjusting journal entry?

a) Bank , -
b) Books, -
c) Books, -
d) Bank, +
e) Books, +
f) Books, +
g) Books, -
2) All those that affect book

Let's go through each item and determine whether it affects the bank or book side of a bank reconciliation and whether it represents an addition or a subtraction in a bank reconciliation:

1a) Outstanding checks:
- (i) affects the book side of a bank reconciliation
- (ii) represents a subtraction in a bank reconciliation

1b) Debit memos:
- (i) affects the book side of a bank reconciliation
- (ii) represents a subtraction in a bank reconciliation

1c) NSF checks:
- (i) affects the bank side of a bank reconciliation
- (ii) represents a subtraction in a bank reconciliation

1d) Unrecorded deposits:
- (i) affects the bank side of a bank reconciliation
- (ii) represents an addition in a bank reconciliation

1e) Interest on cash balance:
- (i) affects the book side of a bank reconciliation
- (ii) represents an addition in a bank reconciliation

1f) Credit memos:
- (i) affects the book side of a bank reconciliation
- (ii) represents an addition in a bank reconciliation

1g) Bank service charges:
- (i) affects the book side of a bank reconciliation
- (ii) represents a subtraction in a bank reconciliation

Now, let's move on to the second part of your question, which items require an adjusting journal entry:

2) Based on the information provided in part 1, the items that require an adjusting journal entry are:
- Debit memos (b)
- NSF checks (c)
- Bank service charges (g)

These items affect the book side of a bank reconciliation, so an adjusting journal entry is needed to properly record them in the books.

To determine if you have the correct answers for each item in part 1, let's go through each one:

a. Outstanding checks:
(i) This item affects the book side of a bank reconciliation because it represents checks that have been issued but have not yet cleared the bank.
(ii) Outstanding checks would be represented as a subtraction in a bank reconciliation because they decrease the book balance.

b. Debit memos:
(i) Debit memos affect the book side of a bank reconciliation because they represent deductions from the book balance made by the bank for various reasons like fees or penalties.
(ii) Debit memos would be represented as a subtraction in a bank reconciliation because they decrease the book balance.

c. NSF checks:
(i) NSF checks affect the bank side of a bank reconciliation because they represent checks that have been returned unpaid by the bank due to insufficient funds in the account.
(ii) NSF checks would be represented as a subtraction in a bank reconciliation because they decrease the bank balance.

d. Unrecorded deposits:
(i) Unrecorded deposits affect the book side of a bank reconciliation because they represent deposits made by the company that have not been recorded in the company's books yet.
(ii) Unrecorded deposits would be represented as an addition in a bank reconciliation because they increase the book balance.

e. Interest on cash balance:
(i) Interest on cash balance affects the bank side of a bank reconciliation because it represents interest earned on the company's cash balance in the bank.
(ii) Interest on cash balance would be represented as an addition in a bank reconciliation because it increases the bank balance.

f. Credit memos:
(i) Credit memos affect the book side of a bank reconciliation because they represent additions made to the book balance by the bank, such as interest earned or customer refunds.
(ii) Credit memos would be represented as an addition in a bank reconciliation because they increase the book balance.

g. Bank service charges:
(i) Bank service charges affect the book side of a bank reconciliation because they represent deductions made by the bank for services provided, such as monthly account fees.
(ii) Bank service charges would be represented as a subtraction in a bank reconciliation because they decrease the book balance.

Now, for part 2, which items require an adjusting journal entry:

a) Unrecorded deposits affect the book balance but not the bank balance. Therefore, an adjusting journal entry is required to increase the book balance to match the actual amount deposited.

d) NSF checks affect the bank balance but not the book balance. Therefore, an adjusting journal entry is required to decrease the book balance to reflect the returned checks.

e) Interest on cash balance affects the bank balance but not the book balance. Therefore, an adjusting journal entry is required to increase the book balance to match the interest earned.

f) Credit memos affect the book balance but not the bank balance. Therefore, an adjusting journal entry is required to increase the book balance to reflect the credit memos.

So, the correct answer for all items that require an adjusting journal entry is those that affect the book balance, which are: a), d), e), f). The ones that affect the bank balance do not require an adjusting journal entry.