The Wagner Company acquired $500,000 cash from the issue of common stock. How would this transaction be recorded in the company's T-accounts? Multiple Choice 500,000 Cash Connon Stock 580,000 500.000 Cannon Stack 500,000 500.000 Connon Stock 500,000 Retained Earnings 500.000 The following transaction has been recorded in the general Journal: 15e Interest expense Interest payable How will this transaction affect the company's financial statements aller it is posted to the ledger accounts? Multiple Choice 0 C) Decreases total assets 0 Decreases total liabilities 0 Increases retained earnings 0 Decreases stockholders' quity