Iransaction:

Cavalier Co$.$ purchases tools for $$5,000.$ Cavalier Co$.$ pays $25\%$ of the balance in cash and owes the rest.

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.

$\backslash$table$[[$Account$,\backslash$table$[[$Which accounts$],[$are affected?$]],\backslash$table$[[$Is the account$],[$increased or$],[$decreased$?]],\backslash$table$[[$What is the$],[$amount of$],[$transaction$?]],\backslash$table$[[$Why has Retained$],[$Earnings changed?$]]],[$Cash$,,\backslash$table$[[$Increase$],[$Decrease$]],$$$,],[$Accounts Receivable,$,\backslash$table$[[$Increase$],[$Decrease$]],$$$,],[$Supplies$,,\backslash$table$[[$Increase$],[$Decrease$]],$$$,],[$Tools$,,\backslash$table$[[$Increase$],[$Decrease$]],$$$,],[$Accounts Payable,$,\backslash$table$[[$Increase$],[$Decrease$]],$$$,],[$Capital Stock,$,\backslash$table$[[$Increase$],[$Decrease$]],$$$,],[$Retained Earnings,$,\backslash$table$[[$Increase$],[$Decrease$]],$$$,$Chopse One $$