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

The only thing that affects the bank side would be the outstanding checks and the Unrecorded deposits

Everything else affects the book side

To determine whether the amounts mentioned affect the bank or book side of a bank reconciliation and whether they represent an addition or a subtraction, you need to understand the nature of each item. Here's how you can figure it out:

1. Outstanding checks: These are checks that have been issued but not yet cleared by the bank. They affect the book side of a bank reconciliation because they have been recorded in the books but have not yet been deducted from the bank balance. They represent a subtraction (-) in a bank reconciliation.

2. Unrecorded deposits: These are deposits made by the company but not yet recorded in the books. They affect the book side of a bank reconciliation because they have not been included in the book balance. They represent an addition (+) in a bank reconciliation.

3. Bank service charges: These are fees charged by the bank for services provided. They affect the bank side of a bank reconciliation because they are deducted by the bank from the book balance. They represent a subtraction (-) in a bank reconciliation.

4. Debit memos: These are notifications from the bank indicating reductions in the company's account balance, such as returned checks or fees. They affect the book side of a bank reconciliation because they need to be recorded in the books. They represent a subtraction (-) in a bank reconciliation.

5. Interest on cash balance: This is interest earned on the company's cash balance in the bank. It affects the book side of a bank reconciliation because it needs to be recorded in the books. It represents an addition (+) in a bank reconciliation.

6. NSF checks: These are checks that were returned unpaid by the bank due to insufficient funds in the account. They affect the book side of a bank reconciliation because they need to be recorded as a subtraction in the books. They represent a subtraction (-) in a bank reconciliation.

7. Credit memos: These are notifications from the bank indicating additions to the company's account balance, such as interest earned or electronic deposits. They affect the book side of a bank reconciliation because they need to be recorded in the books. They represent an addition (+) in a bank reconciliation.

Now, let's move on to part 2 of your question regarding which items require an adjusting journal entry. In general, any item that affects the books side of the bank reconciliation would require an adjusting journal entry.

Based on the information provided:
- Items b, c, e, f, and g affect the book side of the bank reconciliation and would require an adjusting journal entry.
- Items a and d affect the bank side of the bank reconciliation and may not require adjusting journal entries since they are already recorded in the books.

Remember, the specific requirements for adjusting journal entries may vary based on the company's accounting policies and circumstances. It's always good to consult with an accountant or refer to your company's accounting guidelines for accurate information.