What are the dual effects of a \$35,000 cash contribution on the company's accounts?

• A. Cash increases by \$35,000; Expenses increase by \$35,000.
• B. Cash increases by \$35,000; Common Stock increases by \$35,000.
• C. Cash decreases by \$35,000; Common Stock increases by \$35,000.
• D. Cash increases by \$35,000; Liabilities increase by \$35,000.

Answer: (B)