Nichols Company accepted a check from Briggs Company as payment for services rendered by Nichols Company. Later Nichols' bank statement revealed that Briggs check was an NSF check. Recognizing the NSF check on Nichols' books would act to: O A. Decrease total assets and total stockholders' equity B. Decrease total liabilities and increase stockholders' equity O C. Increase total assets and total stockholders' equity D. Increase total liabilities and decrease stockholders' equity E. Have no effect on the accounting equation