To record the purchase of supplies for cash, the correct entry into the accounting equation would include an increase to (Equipment/Supplies/Cash) and a decrease to (Equipment/Supplies/Cash).

Supplies

Cash

Explanation:

The purchase of supplies would increase supply and inventory. While, cash would be reduced because it was used to fund the purchase

answer; (1) blank; decreases; ///blank(2) increases; ///blank(3)increases;

the answer would be voluntary exchange -

"the act of buyers and sellers freely and willingly engaging in market transactions. moreover, transactions are made in such a way that both the buyer and the seller are better off after the exchange than before it occurred."

hope this : )

-shy