Edwards Company receives their utility bill for $450 on July 31. They intend to pay the bill on August 20. Required: What is the effect of this transaction on individual asset accounts, individual liability accounts, the Capital Stock account, and the Retained Earnings account? Check all that apply. An asset account An asset account decreases increases. A liability account A liability account decreases increases Capital Stock decreases Capital Stock increases. Retained Earnings Retained Earnings decrease increase. X