1. Identify whether each of the following items affects the bank or book side of the reconciliation...

Question:

1. Identify whether each of the following items affects the bank or book side of the reconciliation and indicate if the amount represents an addition or a subtraction:
a. Deposits in transit.
b. Interest on average monthly balance.
c. Credit memos.
d. Bank service charges.
e. Outstanding cheques.
f. Debit memos.
g. NSF cheques.
2. Which of the previous items require a journal entry?