A company declared a $0.55 per share cash dividend.The company has 200,000 shares authorized, 190,000 shares issued, and 8,000 treasury shares. The journal entry to record the dividend declaration is:

Multiple-Choice (2 Points)

1. A.

   Debit Share Dividends $100,100; credit Ordinary Share Dividend Distributable $100,100.

2. B.

   Debit Share Dividends $104,500; credit Ordinary Share Dividend Distributable $104,500.

3. C.

   Debit Share Dividends $110,000; credit Ordinary Share Dividend Distributable $110,000.

4. D.

   Debit Ordinary Share Dividend Distributable $104,500; credit Cash $104,500.

5. E.

   Debit Ordinary Share Dividend Distributable $100,100; credit Cash $100,100.