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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

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