Suppose that one of your business' largest customers has written an NSF cheque for \(\$ 9734\) and your boss has just found out about it. This morning he comes flying into your office demanding to know how this NSF cheque will affect specific accounts in the business' financial statements. You examine the bank statement that came in the morning's post and notice that not only has the customer written an NSF cheque, but the bank has charged you a fee of \(\$ 75\) for processing this cheque.

Required:

List the accounts that will be affected by this turn of events, and indicate by how much they will be affected. What do you think should happen next?