Purchasing a building for

$$85,000$

by paying cash of

$$30,000$

and signing a note payable for

$$55,000$

will

Question content area bottom

Part $1$

A$.$

decrease total assets and increase total liabilities by

$$30,000.$

$$

B$.$

increase both total assets and total liabilities by

$$85,000.$

C$.$

decrease both total assets and total liabilities by

$$30,000.$

D$.$

increase both total assets and total liabilities by

$$55,000.$