Accounting Help: When a company buys equipment for $150,000 and pays for one third in cash and the

When a company buys equipment for $150,000 and pays for one third in cash and the other two thirds is financed by a note payable, which of the following are the effects on the accounting equation?
Total liabilities decrease $50,000.
Total assets increase $150,000.
Total liabilities increase $150,000.
Total assets increase $100,000.

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