Checks presented for payment and paid by the bank are known as

A- Canceled checks

B-NSF checks

C-Certified checks

D-Outstanding checks

What happens to the accounting equation when the adjustment that recognizes accrued interest revenue is recorded?

A- Assets increase and liabilities increase.

B- Assets decrease and liabilities decrease.

C-Assets increase and stockholders equity increases

D-Stockholders equity increases and decreases by the same amount.