Effect of transactions on accounts Given the following transaction: Withdrew cash from business for personal use. 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 Equity is selected, choose the reason that it has changed. Account Which account is affected? Why has Equity changed? Cash Accounts Receivable Is the account increased or decreased? Increased Decreased Increased Decreased Increased Decreased Increased Decreased Supplies Prepaid Insurance Explanation Check o