A Company Received $33,000 Cash in Exchange for 200 Shares

Multiple Choice

A company received $33,000 cash in exchange for 200 shares of the company's common stock.
What would the effect of this transaction on the current year's accounting equation?

A) No effect on Assets; $33,000 decrease in Liabilities; $33,000 increase in Stockholders' Equity
B) $33,000 increase in Assets; $33,000 increase in Liabilities; No effect on Stockholders' Equity
C) $33,000 increase in Assets; No effect on Liabilities; $33,000 increase in Stockholders' Equity
D) No effect on Assets; $33,000 increase in Liabilities; $33,000 decrease in Stockholders' Equity