While performing the monthly bank reconciliation, Avon Company adjusted for a bank service charge of $20. Which of the following correctly shows how the adjustment for the bank service charge affects the financial statements? Assets=Liab.+Stk.EquityRev.?Exp.=Net Inc.Stmt of Cash FlowsA.NA NA NANA NA NA(20) OAB.(20) (20) NANA NA NA(20) OAC.(20) NA (20)(20) NA (20)(20) OAD.(20) NA (20)NA 20 (20)(20) OA
A. Option A
B. Option B
C. Option C
D. Option D
Answer: D
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