7- Assume that on November 10 points 23, Dormaz Computer purchased a building for $65,000. Dormaz paid $25,000 down in cash and issued a 90- day note payable for the remaining $40,000 owed.The effect of this transaction will be: a- Increase the Building by $65,000, and decrease both the cash by $25,000 and Note Payable by $40,000. b-Decrease the Building by $65,000, and increase both the cash by $25,000 and Note Payable by $40,000. C- Increase both the Building by $65,000 and Note Payable by $40,000, and decrease the cash by $25,000. d- Decrease both the Building by $65,000 and Note Payable by $40,000, and increase the cash by $25,000. e- All answers are wrong