3. While preparing its bank reconciliation, Mayflower Company determined that its bank had collected a vable for the company and de Which of the following shows the effect of this transaction on the financial statements? A. (25) NA (25) NA 25 B. 625 . = NA + 625 650 C. (25) NA (25) NA25(25) D. 625 NA 625 650- Assets= Liab. + Equity Rev. -Expenses-Net Inc. Cash Flow 625 650 OA 625 OA (25) 625 O 25- 25625 Tip! Start to think; Which assets would increase and how much? Cash b Which assets would decrease and how much? Accouns rccievablt $ 5o Would revenue increase or not? Would Equity (owners' wealth) increase or not? Would net income increase or decrease? decrease Would cash flow increase or not, if, how much? casninfiow Mark your choice on the table as, A,B, C or ID