Using the folcowng, select the best answer indicating the effect of the transaction given below. The tiatility accounts paysble is increased by $1,400 and the asset cash is decreased by $1,400 The atset cieh is decreased hy $1,400 and supplies expense is increased by $1,400, thereby decreasing total stockholders' equity The asart accounts recervable ia decreased by $1,400 and the asset Cash is decreaved by $1,400 The liak ility accounts payable is decreased by $1,400 and the asset cash is decreased by $1,400 Qutitrak 26 Using the following, select the best answer indicating the effect of the transaction given below. The tiability acceunta payable is decreased by $3,000 and the asset cash is increased by $3,000. The asset accounts receivahle is increased by $3,000 and reverue is increased by $3,000, thereby increasing fotal stockbolders' equity The aiset accourate toceivable is deercased by $3,000 and revenue is increased by $3,000, thereby increasing fokal stockholders" equity