While preparing its bank reconciliation, Maynard Company determined that its bank had collected a $650 account receivable for the company and deducted a $25 collection fee. Which of the following shows the effect of this transaction on the financial statements? Assets=Liab.+Stk.EquityRev.?Exp.=Net Inc.Stmt of Cash FlowsA.(25) NA (25)NA 25 (25)625 OAB.625 NA 625650 25 625650 OAC.(25) NA (25)NA 25 (25)650 OAD.625 NA 625650 25 625625 OA
A. Option A
B. Option B
C. Option C
D. Option D
Answer: A
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