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A company received $50,000 cash and issued common stock in exchange. How does this transaction affect the accounting equation? Add $50,000 to Cash and add

A company received $50,000 cash and issued common stock in exchange. How does this transaction affect the accounting equation?

Add $50,000 to Cash and add $50,000 to Retained Earnings.

Add $50,000 to Cash and add $50,000 to Revenue.

Add $50,000 to Dividends and subtract $50,000 from Retained Earnings.

Add $50,000 to Cash and add $50,000 to Common Stock.

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