Quickbux Co. issued and sold 1,000 shares of common stock, with a par value of $5, for $12 per share.  The company's balance in retained earnings is $90,000.  What items/accounts and $ balances would you expect to see in the shareholder's equity section of the company's balance sheet (i.e., stock, retained earnings, etc.)?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Quickbux Co. issued and sold 1,000 shares of common stock, with a par value of $5, for $12 per share.  The company's balance in retained earnings is $90,000.  What items/accounts and $ balances would you expect to see in the shareholder's equity section of the company's balance sheet (i.e., stock, retained earnings, etc.)?

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