Given the following transaction: Paid rent on office space for current month. 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 cha Account Which account is affected? Is the account increased or decreased? O Increased Decreased Why has Retained Earnings changed? Cash Accounts Receivable Supplies Increased Decreased Increased Decreased Given the following transaction: Paid rent on office space for current month. 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 Is the account increased or decreased? O Increased O Decreased Increased Decreased Increased Decreased Increased Accounts Receivable Supplies