Use the Following to Answer Questions

Essay

Use the following to answer questions
Indicate how each event affects the elements of financial statements.Use the following letters to record your answer in the box shown below each element.You do not need to enter amounts.Enter only one letter for each element.

-At June 30,2016,when Heath Company was preparing the bank reconciliation,the employee preparing the reconciliation found that the company had outstanding checks in the amount of $2,650.