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Han's Supplies's bank statement contained a $300 NSF check that one of its customers had written to pay for supplies purchased. Required: a. Show the effects of recognizing the NSF check on the financial 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 (IA), 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 effects 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. Req A and C Req B Req D a. Show the effects of recognizing the NSF check on the financial statements by recording the appropriate amounts in a horizontal financial statements mode Statement of Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA). c. 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 effects on the financial statements. Note: Enter any decreases to account balances and cash outflows with a minus sign. Leave cells blank if no input is neede needed. Assets HAN'S SUPPLIES Horizontal Financial Statements Model Income Statement

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 financial statements by recording the appropriate amounts in a horizontai financial statements model. Also, in the Statement of Cash Flows column, classify the cash flows as operating activities (OA). investing activities (IA), 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 effects 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 effects of recognizing the NSF check on the financial statements by recording the appropriate amounts in a horizontal financial statements mod Statement of Cash flows column, classify the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA). c. 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 effects on the financial statements. Note: Enter any decreases to account balances and cash outfiows with a migus sign. Leave cells blank if no input is 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 financial statements by recording the appropriate amounts in a horizontai financial statements model. Also, in the Statement of Cash Flows column, classify the cash flows as operating activities (OA). investing activities (IA), 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 effects 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 effects of recognizing the NSF check on the financial statements by recording the appropriate amounts in a horizontal financial statements mod Statement of Cash flows column, classify the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA). c. 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 effects on the financial statements. Note: Enter any decreases to account balances and cash outfiows with a migus sign. Leave cells blank if no input is needed

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