+C Secure https/ t.htm Help Save&Exlt Submit H4 0 Han's Supplies' bank statement contained a $350 NSF check that one of lts customers had written to pay for supplies purchased. Required a. & c. Show the effects of the following transactions on the financial statements in the horizontal statements model, (a) Recognize the NSF check, (c) Customer redeems the check by giving Hans $370 cash in exchange for the bad check. The edditional $20 was a service fee charged by Hans. In the Cash Flow column, use OA to designate operating activity, IA for investment activity. FA for finencing activity and NA to indicate the element ls not affected by the event. (Enter any decreases to account 10 points balances and cash outflows with a minus sign) Print Horlzontal Statements Model References Income Statement Assets Statement of CashAccounts Labilities Equity ExpenseNet Income Cash Flow b. Is the recognition of the NSF check on Han's books an asset source, use, or exchange transaction? Prev 1 of 4Next>