19. What type of account dividend payable--common?

		A. Asset
		B. Liability
		C. Long-term liability
		D. Equity-Withdrawal
		E None of the above

20. On date of record, what is the journal entry to record a 5,000 cash dividend on common stock?

		A. Dr. Dividend Payable--Common 5,000; Cr. Retained Earnings 5,000
		B. Dr. Retained Earnings 5,000; Cr. Dividend Payable--Common 5,000
		C. Dr. Dividend Payable--Common 5,000; Cr. Cash 5,000
		D. Dr. Cash 5,000; Cr. Dividend Payable--Common 5,000
		E. None of the above