King Co. pays the rent, $1,400 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) What is the dollar amount of change in the accounts? (d) If Retained Earnings is selected, choose the reason that it has changed Which accounts are affected? What is the amount of Why has Retained Earnings transaction? Account increased or decreased? changed? Increase Decrease Increase unts Receivabl Decrease Increase LI Decrease Increase Decrease Increase Decrease Increase Decrease Increase Decrease SD Tools $ I $ I etained Earnings Choose One Clear Undo