1 pois With some of the money you invested, you purchased a brand new stove for $2,000 cash. This will help you to cook all the delicious food for your customers. Liability (Accounts Payable) increased $2,000 and Equity (Share Capital) decreased $2,000 Asset (Cash) increased $2,000 and Asset (Equipment - Stove) decreased $2,000 Asset (Equipment - Stove) increased $2,000 and Asset (Cash) decreased $2,000 If a company pays rent of $500 in cash, it will increase the equity side of the equation and decrease assets by $500. True False