Gonzales Company receives their utility bill for $$500$ 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.

$\backslash$table$[[\backslash$table$[[$An asset account$],[$increases$.]],,\backslash$table$[[$An asset account$],[$decreases$.]]],[\backslash$table$[[$A liability account$],[$increases$.]],,\backslash$table$[[$A liability account$],[$decreases$.]]],[$Capital Stock increases.,$,$Capital Stock decreases.$],[\backslash$table$[[$Retained Earnings$],[$increase$.]],,\backslash$table$[[$Retained Earnings$],[$decrease$.]]]]$