Question: A - Day Spa accepted a cheque from a customer as payment for services. The customer s cheque was returned by the bank as NSF
ADay Spa accepted a cheque from a customer as payment for services. The customers cheque was returned by the bank as NSF What is the impact on the accounting equation of ADay Spa as a result of this item?
Group of answer choices
a decrease of total assets
an increase in total assets
a decrease of total liabilities
no net impact on total assets
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