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Which accounts are affected, and in which direction, by the following business activity? Use account names from the expanded accounting equation. Select all that apply. Purchase supplies for $750 using a credit card. 1) Decrease Supplies Expense 2) Decrease Accounts Payable 3) Decrease Cash | 4) Decrease Supplies 5) No entry required 6) Increase Accounts Payable 7) Increase Accounts Receivable 8) Increase Cash 9) Increase Supplies 10) Increase Supplies Expense 11) Decrease Accounts Receivable Which accounts are affected, and in which direction, by the following business activity? Use account names from the expanded accounting equation. Select all that apply. Paid rent for the month just ended, $4,000 cash. No previous entries regarding this month's rent have been made. 1) Decrease Rent Expense 2) Increase Accounts Payable 3) Increase Cash 4) Decrease Accounts Receivable 5) Decrease Accounts Payable 6) Decrease Cash 7) Increase Prepaid Rent |8) No entry required |9) Decrease Prepaid Rent 10) Increase Rent Expense 11) Increase Accounts Receivable Which accounts are affected, and in which direction, by the following business activity? Use account names from the expanded accounting equation. Select all that apply. Purchased flyers for $49.95 plus HST using your credit card. 1) Decrease Cash 2) Decrease Accounts Payable 3) Increase Prepaid Advertising | 4) Decrease Prepaid Advertising 5) Increase Accounts Payable 6) Increase Advertising Expense 7) Increase Cash 8) Increase Accounts Receivable 9) Decrease Advertising Expense 10) Decrease Accounts Receivable 11) No entry required Which accounts are affected, and in which direction, by the following business activity? Use account names from the expanded accounting equation. Select all that apply. Purchased a business licence for $60 using a credit card. 1) Increase Cash 2) Decrease Licence Expense 3) Decrease Accounts Payable 4) Increase Accounts Payable 5) Increase Business Licence 6) Increase Accounts Receivable 7) Increase Licence Expense 8) No entry required 9) Decrease Business Licence 10) Decrease Accounts Receivable 11) Decrease Cash Which accounts are affected, and in which direction, by the following business activity? Use account names from the expanded accounting equation. Select all that apply. Paid for the use of a business cell phone, $80 plus HST. 1) Decrease Cash 2) Decrease Telephone Expense 3) No entry required 4) Increase Equipment 5) Decrease Equipment 6) Decrease Accounts Payable 7) Increase Cash 8) Decrease Accounts Receivable 9) Increase Accounts Receivable 10) Increase Accounts Payable 11) Increase Telephone Expense