4 pts Question 21 Cole Company issued 14,000 shares of par value stock. The shares sold for $3.00 per share and the par value of the shares were $.50 per share. On the date the shares were issued, part of the journal entry Cole Company would record would be a debit of $42,000 to the "Common Stock account O debit of $7,000 to the "Common Stock account credit of $35,000 to the "Common Stock account O credit of $7,000 to the "Common Stock account O none of the above Question 24 4 pts Treasury stock O reduces shares authorized is an asset and the Treasury Stock account has a normal Debit balance is issued, but not outstanding Increases contributed capital none of the above D Question 25 4 pts Round-n-Round Tire Company reported Retained Earnings of $20,000 on its December 31, 2020 Balance Sheet. Round-n-Round's Income Statement for the year ended December 31, 2020 reported $10,000 of total revenues and $20,000 of total expenses. There were $5,000 of dividends declared and paid during 2020. The balance in Round-n-Round's Cash account decreased by $10,000 during 2020 The beginning 2020 balance of Retained Earnings must have been: O $5,000 O $35.000 $30,000 $25,000 one of the above