o None olur The following entry was recorded on October 25, 2021: Credit Date October 25, 2021 Debit 1.000.000 600,000 400,000 Accounts and explanation Land Building Equipment Cash Notes Payable Common Stock 150,000 650,000 1.200.000 The transaction above involves: The creation of an informal liability by $650,000 An increase in equity by $1,200,000 The purchase of PPE for $2,000,000 for cash None of the above