Walker Company purchases store supplies for

$2,200

, paying

20%

of the amount due in cash and agreeing to pay the balance at a later date.\ 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.

Walker Company purchases store supplies for $2,200, paying 20% of the amount due in cash and agreeing to pay the balance at a later date. 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