Williams Company receives money from customers who have been previously billed, on account,

$3,850

.\ 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.\ \\\\table[[\\\\table[[An asset account],[increases.]],\\\\table[[An asset account],[decreases.]],],[\\\\table[[A liability account],[increases.]],\\\\table[[A liability account],[decreases.]],],[Capital Stock increases.,Capital Stock decreases.,

Williams Company receives money from customers who have been previously billed, on account, $3,850. 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