Purchasing a building for

$120,000

by paying cash of

$35,000

and signing a note payable for

$85,000

will\ A. increase both total assets and total liabilities by

$120,000

.\ B. decrease total assets and increase total liabilities by

$35,000

.\ C. decrease both total assets and total liabilities by

$35,000

.\ D. increase both total assets and total liabilities by

$85,000

.

Purchasing a building for $120,000 by paying cash of $35,000 and signing a note payable for $85,000 will A. increase both total assets and total liabilities by $120,000. B. decrease total assets and increase total liabilities by $35,000. C. decrease both total assets and total liabilities by $35,000. D. increase both total assets and total liabilities by $85,000