Problem: A company sold 10,000 shares of its common stock for a total of $45,000. What two accounts are affected by the transaction? A) Cash and Retained Earnings B) Cash and Revenue C) Cash and Contributed Capital D) Cash and Accounts Receivable

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Problem Details

A company sold 10,000 shares of its common stock for a total of $45,000. What two accounts are affected by the transaction?

A) Cash and Retained Earnings

B) Cash and Revenue

C) Cash and Contributed Capital

D) Cash and Accounts Receivable

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