A company received $33,000 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; $33,000 decrease in Liabilities; $33,000 increase in Stockholders Equity

B. No effect on Assets; $33,000 increase in Liabilities; $33,000 decrease in Stockholders Equity

C. $33,000 increase in Assets; $33,000 increase in Liabilities; No effect on Stockholders Equity

D. $33,000 increase in Assets; No effect on Liabilities; $33,000 increase in Stockholders Equity