Pandora's Box had the following Shareholders' Equity at the close of business on September 24, 2021: Pandora's Box Shareholders' Equity September 24, 2021 Paid in Capital: Common Stock, $5PV $ 50.000 PIC Excess PV - C/S 80.000 Total Paid in Capital 130,000 Retained Earnings 370.000 Total Shareholders' Equity $ 500.000 If Pandora issues 1,000 shares of common stock for $8 per share the day after this Shareholders' Equity was prepared: True Pandora will debit Cash for $8,000 in its journal entry to record the issuance of the 1,000 shares of stock The Common Stock account will have a $58,000 balance after issuing the 1.000 shares of stock False The Total Shareholders' Equity after issuing the 1,000 shares of stock will be $500.000 True The Retained Earnings balance after Issuing the 1.000 shares of stock will be $377.000 False