Based on the information given this transaction in accounting equation is: Increasing supplies, and increasing accounts payable.
Based on the given transaction the supplies costing of the amount of $500 will increase supplies while account payable will increase by the same amount of $500.
The company account payable increases because the supplies costing were purchased on credit which means that the company is still owing their supplier for the goods worth of $500 that was supplied to them or the goods and services that was provided to them.
Inconclusion in accounting equation is: Increasing supplies, and increasing accounts payable.
Learn more about accounting equation here:https://brainly.com/question/14421904
