Han's Supplies's bank statement contained a \$300 NSF check that one of its customers had written to pay for supplies purchased. Required: o. Show the effects of recognizing the NSF check on the financlal statements by recording the appropriate amounts in a horizontal financial statements model. Also, in the Statement of Cash Flows column, classify the cash flows as operating activities (OA). investing activities (A), or financing activities (FA) b. Suppose the customer redeems the check by giving Han $290 cash in exchange for the bad check: The additional $20 paid a service fee charged by Han. Show the etfects on the financial statements c. Is the recognition of the NSF check on Han's books an asset source, use, or exchange transaction? d. Select which of the following is the correct answer. Complete this question by entering your answers in the tabs below. a. Show the eflects of recognizing the NSF check on the financial statements by recarding the appropriste amounts in a horizontal finandal statements modit. Also, in the Statement of Cash Flows column, classify the casb flows as operating activities (OA), Inwesting activities (LA), of financing activities (EA) c. Suppose the customer redeenis the check by giving Han $790 cash in exchange for the bad check. The oddecional $70 paid a service fee charged by Han. show the effects on the financial statements. Note: Eiter any decreases to occount balances and cash outflows with a minus sign. Leave cells bank if no input as needed. Han's Supplies's bank statement contained a \$300 NSF check that one of its customers had written to pay for supplies purchased. Required: o. Show the effects of recognizing the NSF check on the financlal statements by recording the appropriate amounts in a horizontal financial statements model. Also, in the Statement of Cash Flows column, classify the cash flows as operating activities (OA). investing activities (A), or financing activities (FA) b. Suppose the customer redeems the check by giving Han $290 cash in exchange for the bad check: The additional $20 paid a service fee charged by Han. Show the etfects on the financial statements c. Is the recognition of the NSF check on Han's books an asset source, use, or exchange transaction? d. Select which of the following is the correct answer. Complete this question by entering your answers in the tabs below. a. Show the eflects of recognizing the NSF check on the financial statements by recarding the appropriste amounts in a horizontal finandal statements modit. Also, in the Statement of Cash Flows column, classify the casb flows as operating activities (OA), Inwesting activities (LA), of financing activities (EA) c. Suppose the customer redeenis the check by giving Han $790 cash in exchange for the bad check. The oddecional $70 paid a service fee charged by Han. show the effects on the financial statements. Note: Eiter any decreases to occount balances and cash outflows with a minus sign. Leave cells bank if no input as needed
