Transaction: Laker Co. receives the current month's telephone bill of $1,300. The bill will be paid the following month 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 ls the account Which accounts are affected? What is the amount ofWhy has Retained Earnings transaction? Account increased or changed? decreased? Increase Decrease SD Increase Decrease Increase Decrease Increase SD counts Receivable Tools Increase Decrease Increase Decrease Increase SD Capital Stock SD tained Earnings Choose One Clear Undo Help