A Company Received $35,000 Cash and Issued Common Stock in Exchange.How

Multiple Choice

A company received $35,000 cash and issued common stock in exchange.How does this transaction affect the accounting equation?

A) Add $35,000 to Cash and add $35,000 to Retained Earnings.
B) Add $35,000 to Cash and add $35,000 to Revenue.
C) Add $35,000 to Dividends and subtract $35,000 from Retained Earnings.
D) Add $35,000 to Cash and add $35,000 to Common Stock.