Answer:
Supplies would be increased by $1,000
Cash would be decreased by $400
Accounts Payable would be increased by $600
Explanation:
Given that
Supplies costing = $1,000
Out of which $400 is paid by cash
And, the remaining amount i.e
= $1,000 - $400
= $600
This remaining amount would be on account i.e account payable
Since cash is paid so it decreased by $400 and supplies is purchased for $1,000 that means supplies increases by $1,000 and account payable is also increased by $600
