Exercise 6-7A (Algo) Treatment of NSF check LO 6-3 Han's Supplies's bank statement contained a $290 NSF check that one of its customers had written to pay for supplies purchased. Required: a. \& c. Show the effects of the following transactions on the financlal statements in the horizontal statements model. (a) Recognize the NSF check, (c) Customer redeems the check by giving Hans $310 cash in exchange for the bad check. The additional $20 was a service fee charged by Hans. Note: Enter any decreases to account balances with a minus sign. For changes on the Statement of Cash Flows, indicate whether the item is an operating activity (OA), investing activity (IA), financing activity (FA), or leave the cell blank if there is no effect. b. Is the recognition of the NSF check on Han's books an asset source, use, or exchange transaction? Asset source Asset use Asset exchange d. Select which of the following is the correct answer. Asset exchange is $310. Asset source is $310 Asset use is $310. Asset exchange is $290 and Asset source is $20. Asset source is $290 and Asset use is $20. Asset exchange is $310 and Asset use is $20