Assets=Liabilities+Stockholder\'s Equity Cash given $1000 on the same day and $1000 is Accounts Payable Cash given $1000 on the same day accounting equation -$1000=Liabilities-$1000 Accounts payable for remaining half of the expenses accounting equation Assets= +$1000-$1000 Solution Assets=Liabilities+Stockholder\'s Equity Cash given $1000 on the same day and $1000 is Accounts Payable Cash given $1000 on the same day accounting equation -$1000=Liabilities-$1000 Accounts payable for remaining half of the expenses accounting equation Assets= +$1000-$1000.