Exercise 6-7A Treatment of NSF check Han's Supplies' bank statement contained a $270 NSF check that one of its LO 6-4 written to pay for supplies purchased. Required a. Show the effects of recognizing the NSF check on the financial statements by recordin g the one: appropriate amounts in a horizontal statements model like the following Assets = Liab. + Equity Rev. - Exp. Net Inc. Cash Flow Cash +Accts. Rec. b. Is the recognition of the NSF check on Han's books an asset source, use, or exchang transaction? c. Suppose the customer redeems the check by giving Han $290 cash in exchange for the tud check. The additional S20 paid a service fee charged by Han. Show the effects on the finat cial statements in the horizontal statements model in Requirement a d. Is the receipt of cash referenced in Requirement c an asset source, use, or exchange transacho e. Record in general journal form the adjusting entry for the NSF check and the entry li redemption of the check by the customer