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Given the following transaction: Paid off accounts payable. Required: For the transaction above, complete the following: (a) Select the accounts that are affected (there will be at least two). (b) Are the selected accounts increased or decreased? (c) If Retained Earnings is selected, choose the reason that it has changed. \begin{tabular}{|c|c|c|c|} \hline Account & \begin{tabular}{l} Which account \\ is affected? \end{tabular} & \begin{tabular}{l} Is the account \\ increased or \\ decreased? \end{tabular} & \begin{tabular}{l} Why has Retained \\ Earnings changed? \end{tabular} \\ \hline Cash & & \begin{tabular}{l} Increased \\ Decreased \end{tabular} & \\ \hline Accounts Receivable & & \begin{tabular}{l} Increased \\ Decreased \end{tabular} & S \\ \hline Supplies & & \begin{tabular}{l} Increased \\ Decreased \end{tabular} & \\ \hline Prepaid Insurance & & \begin{tabular}{l} Increased \\ Decreased \end{tabular} & \\ \hline Equipment & & \begin{tabular}{l} Increased \\ Decreased \end{tabular} & \\ \hline Accounts Payable & & \begin{tabular}{l} Increased \\ Decreased \end{tabular} & \\ \hline Capital Stock & & \begin{tabular}{l} Increased \\ Decreased \end{tabular} & \\ \hline Retained Earnings & & \begin{tabular}{l} Increased \\ Decreased \end{tabular} & Choose One \\ \hline \end{tabular}

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