Home Accessories' bank statement showed a $120 NSF check. Which of the following shows how recognizing this check will affect Home Accessories' financial statements? Balance sheetIncome StatementStatement ofCash Flows Assets = Cash+Acc. Rec=Liab.+EquityRev.-Exp.=Net Inc. A. (120) + 120=NA+NANA-NA=NA (120) OAB. (120) + NA=NA + (120) NA-120 = (120) (120) OAC. NA+120=NA+120120-NA=120NAD. (120) + 120=NA+NANA-NA=NA (120) IA
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Home » Business » Home Accessories' bank statement showed a $120 NSF check. Which of the following shows how recognizing this check will affect Home Accessories' financial statements? Balance sheetIncome StatementStatement ofCash Flows Assets = Cash+Acc. Rec=Liab.