A Company Received $33,000 Cash and Issued Common Stock in Exchange

Multiple Choice

A company received $33,000 cash and issued common stock in exchange. How does this transaction affect the accounting equation?

A) Add $33,000 to Cash and add $33,000 to Retained Earnings.
B) Add $33,000 to Cash and add $33,000 to Revenue.
C) Add $33,000 to Dividends and subtract $33,000 from Retained Earnings.
D) Add $33,000 to Cash and add $33,000 to Common Stock.