A company received $11,000 cash in exchange for 200 shares of the companys common stock. What would the effect of this transaction on the current years accounting equation? Select one: A. No effect on Assets; $11,000 decrease in Liabilities; $11,000 increase in Stockholders Equity B. $11,000 increase in Assets; No effect on Liabilities; $11,000 increase in Stockholders Equity C. No effect on Assets; $11,000 increase in Liabilities; $11,000 decrease in Stockholders Equity D. $11,000 increase in Assets; $11,000 increase in Liabilities; No effect on Stockholders Equity In a double-entry accounting system: Select one: A. All accounts have normal debit balances B. A credit entry records a decrease in an account C. Liabilities, common stock, and expense accounts all have normal credit balances D. A debit entry is recorded on the left side of an account