The effect of this transaction is : Common stock is increased, Cash is increased.
What is issue of shares?
Issue of Shares refers to the process in which companies allot new shares to shareholders. Shareholders in this scenario can either be individuals or corporates.
With regards to the above, Common stock is increased, Cash is increased. This is because issuance of stock increases common stock balance while value in cash account is also increased.
Hence, the effect of this transaction is : Common stock is increased, Cash is increased.
Learn more about issue of shares here: https://brainly.com/question/24334747
