While preparing its bank reconciliation, Mayhew Company determined that its bank had collected a $950 account receivable for the company and deducted a $35 collection fee. Which of the following shows the effect of this transaction on the financial statements? 
Definitions:
Class
A system of categorizing society into groups based on socioeconomic status, sharing similar levels of wealth, educational attainment, and occupation.
Crime
An action or omission that constitutes an offense and is punishable by law.
Merton's Theory
A sociological theory developed by Robert K. Merton, which addresses the ways that societal structures may lead to certain behaviors among individuals, particularly focusing on deviance and anomie.
Election Fraud
The illegal interference with the process of an election, activities that directly affect the outcome in a way that does not reflect the true will of the voters.
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