10. You currently own 10,000 shares of Ink Inc. stock that is worth $500,000. You originally bought the shares for $45 per share. On September 1, your company announced that it will be issuing all of your Ink Inc. shares as a property dividend payable on October 5. Record for September 1 and October 5. A. The September 1 journal entry will include... a. Dr. retained earnings 500,000 b. Cr. property dividends payable 450,000 c. Cr. cash 500,000 B. The October 5 journal entry will include... a. Cr. cash 500,000 b. Dr. property dividends payable 500,000 c. Cr. investment in Ink 450,000 11. Your store sold $60,000 worth of cash sales and sales tax is 6.25%. The journal entry to record the sale and the sales tax will include a. Dr. cash 60,000 b. Cr. sales tax payable 3.750 c. Dr. sales revenue 60,000