The transaction of Alis new business in its first week were as follows:
1. Commenced business with the intorudcion of 1000$ cash 2. Paid 350 $ rent 3. purchaed a delivery van for 400$ cash
So i am confuesd with number 3. it says: Assets= Equity +Liability
650 (400-400)= 650+0 Why is like this can you explain me, because for me this would be, cash decreased for 400, and also payables to suppliers. i dont get number three.