Carolina Corporation just issued 10,000 shares of $2 par value common stock for $7.50 per share. The journal entry to record this transaction will include a: O credit to Additional Paid-in Capital-Common Stock for $55,000 O debit to Donated Capital of $75,000 O Debit to Retained Earnings of $20,000 O credit to Common Stock for $75,000 Question 2 1 pts All of the following would reduce the balance in Retained Earnings EXCEPT O the acquisition of treasury stock cash dividends large stock dividends (-25% of issued shares) O small stock dividends (25% of issued shares) Question 3 1 pts A journal entry to record the declaration of a cash dividend would include a: O debit to Dividends (contra to Retained Earnings) O credit to Cash O debit to Dividend Expense O debit to Dividends Payable