Given the following transaction: Purchased supplies for office use on credit. 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 change Cash Accounts Receivable eloole ole Is the account increased or decreased? Increased Decreased Increased Decreased Increased Decreased Increased Decreased Supplies Prepaid Insurance Explanation Check FE o RE