Laker Bakery purchased a new oven from Louie's Restaurant Equipment for $$20,000.$ Laker Bakery wrote a $$20,000$ check to Louie's Restaurant Equipment. Which of the following describes the immediate effect of this transaction on Laker Bakery's financial statements?

Property, Plant & Equipment increases by $$20,000.$ Accounts Payable increases by $$20,000.$

Property, Plant & Equipment increases by $$20,000.$ Cash decreases by $$20,000.$

Property, Plant & Equipment increases by $$20,000.$ Accounts Payable decreases by $$20,000.$

Property, Plant & Equipment increases by $$20,000.$ Cash increases by $$20,000.$