The Wagner Company Acquired $500,000 Cash from the Issue of Common

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?

A) $\begin{array}{cc}\text { Cash}\\\hline\begin{array}{ll|l}&500,000& \\\end{array}\end{array}$
$\begin{array}{cc}\text {Common Stock }\\\hline\begin{array}{ll|l}&&500,000 \\\end{array}\end{array}$
B) $\begin{array}{cc}\text { Common Stock}\\\hline\begin{array}{ll|l}&500,000& \\\end{array}\end{array}$
$$\begin{array} { c | c } { \text { Cash } } \\\hline & 500,000\end{array}$$
C) $\begin{array}{cc}\text { Common Stock}\\\hline\begin{array}{ll|l}&500,000& \\\end{array}\end{array}$
$\begin{array}{cc}\text { Retained Earnings}\\\hline\begin{array}{ll|l}&&\[500,000 \\\end{array}\end{array}$
D) $\begin{array}{cc}\text { Retained Earnings}\\\hline\begin{array}{ll|l}&500,000& \\\end{array}\end{array}$
$\begin{array}{cc}\text {Common Stock}\\\hline\begin{array}{ll|l}&&500,000 \\\end{array}\end{array}$