If a company uses $1,500 of its cash to purchase supplies, the effect on the accounting equation would be:

Assets increase $1,500

liabilities increase $1,500.

Explanation:

Based on the information given in a situation where the company make uses of the amount of $1,500 of its cash to purchase supplies which means that the the effect on the accounting equation would be: Assets increase with amount of $1,500 while liabilities on the other hand will increase with amount of $1,500 reason been that Cash is an asset which will increase the assets because it was used to purchase supplies leading to increase in liabilities.

answer; /// the above statement is (true); good luck

correct, but each time you dont pay the price of the penalty can increase.