Using the following. select the best answer indicating the effect of the transaction given below. stokholden' equity twekinhiders' equity The asset accounts receivahle is decreased by $1,400 and supplies expense is increased by $1,400, thereby decreasing total steckholders' cquity The asset cash is decreased by $1,400 and supplies expense is increased by $1,400, thereby decreasing fotal stockholders' equity The asset office supplies is increased by $1,400 and the liability accounts payable is increased $1,400 Qurtitiok 24 Using the following. select the best answer indicating the offect of the transaction oiven hoinis