Identify the impact(s) of the following event on the accounting equation from the named company's point of view by checkingall applicable responsesfor the transaction (markat least2 responses for each transaction, unless the correct response is "No entry"):

Event:Diamond Tours buys a bus for $250,000, making a $50,000 down payment and signing a 10% 3-year note for the balance.

• Assets UP
• Assets UP
• Assets DOWN
• Assets DOWN
• Liabilities UP
• Liabilities UP
• Liabilities DOWN
• Liabilities DOWN
• Equity UP
• Equity UP
• Equity DOWN
• Equity DOWN
• No entry
• No entry