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. Account Which account is affected? Why has Retained Earnings changed? Cash Accounts Receivable Supplies Prepaid Insurance Is the account increased or decreased? Increased Decreased Increased Decreased Increased Decreased Increased Decreased Increased Decreased Increased Decreased Increased Decreased Increased Decreased Equipment Accounts Payable Capital Stock Retained Earnings Choose One 5