When a company buys equipment for $150,000 and pays for one third in cash and the other two thirds is financed by a note payable, the following are the effects on the equation
(2 points)
a.cash decreases by $50,000.
b.equipment increases by $100,000.
c.liabilities increase by $150,000.
d.total assets increase by $200,000.
e.All of the above effects occur on the equation.