LECTURE 7 CLASS EXERCISE Pre book APage The Cash account in the ledger of Nugget Mining Company shows a balance of $20,502 at November 30. The bank statement, however, shows a balance of $22,190 at the same date. The only reconciling items consist of the followings: 1. A deposit of $3,680 that Nugget mailed November 30 does not appear on the bank 2. Checks written in November but not charged to the November bank statement are: statement Check #7327 #7348 $ 150 bane.de t7349 3. Nugget has not yet recorded the $600 of interest collected by the bank November 20 on Sequoia Co. bonds held by the bank for Nugget. Boul 4. Bank service charges of $18 are not yet recorded on Nugget's books. 5. The bank returned one of Nugget's customer's checks for $220 with the bank state- ment, marked "NSF." The bank treated this bad check as a disbursement. BO 6. Nugget discovered that it incorrectly recorded check #7322, written in November for $131 in payment of an account payable, as $311. uer A check for Nugent Oil Co. in the amount of $175 that the bank incorrectly charged to Nugget accompanied the statement. Prepare the bank reconciliation and the adjusting entries. ebit Icredit ost in Transtt 3680 out Standin chots 3630