How would cash collected on accounts receivable affect the balance sheet? Select one: 0 A increase liabilities and decrease equity B. Decrease liabilities and increase equity O C. Increase assets and decrease assets D. Increase assets and increase equity In its fiscal 2016 annual report, Nike. Inc. reported cash of $3.138 million at year end. The statement of cash flows reports the following (in millions): Net cash from operating activities Net cash from investing activities Net cash from financing activities $3,096 1.034) 2.776) What was the balance in Nike's cash account at the start of fiscal 2016? Select one: A $3.096 million B. $1.020 million C.$3.852 million D.$4.357 million E. None of the above O A company records an adjusting journal entry to record $10.000 depreciation expense. Which of the following describes the entry? Select one: A. Debit Property Plant and Equipment and Credit Depreciation expense O B. Debit Depreciation expense and Credit Property Plant and Equipment O C. Debit Property Plant and Equipment and Credit Cash O D. Debit Depreciation expense and Credit Cash O E. Debit Net Income and Credit Property Plant and Equipment