Question: Purchasing a building for $ 1 0 0 , 0 0 0 by paying cash of $ 2 0 , 0 0 0 and signing

Purchasing a building for $100,000 by paying cash of $20,000 and signing a note payable for $80,000 will
Question 6 options:
Increase both total assets and total liabilities by $80,000
Increase both total assets and total liabilities by $100,000
Decrease total assets, and increase total liabilities by $20,000

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