Example Question 1 A company issues $20 million in new shares. It later uses this money to pay off notes payable (Liability). How many different accounts and which account names are affected by these two transactions? A. 3 accounts are affected: contributed capital, cash, and notes payable. 6. 4 accounts are affected: contributed capital, cash, liabilities, and accounts payable. C. 3 accounts are affected: cash, assets, and accounts payable. D. 3 accounts are affected: contributed capital, investments, and accounts payable.