Transaction: HE Cavalier Co. pays for an advertisement for the business, $1,200. 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 Equity is selected, choose the reason that it has changed. Account Which accounts are affected? Is the account increased or decreased? What is the amount of transaction? Why has Equity changed? Cash Increase Decrease $0 Accounts Receivable Increase Decrease Initial Knowledge Check Question 19 Telo As the accounting consultant for Green Company, a merchandising company, you have been asked to asset management in determining the proper accounting for items related to merchandise inventory Required: For each of the following four items, determine whether or not each would be included in the cost of ending merchandise inventory Cost of being the O Shop