A corporate board of directors declared a cash dividend for its common shares on May 1. The dividend will be issued on May 25 to investors who own the shares on May 15. The journal entry on May 1, if one is necessary, will involve a: Select one: O a. debit to Retained Earnings and credit to Cash O b. No journal entry is required debit to Dividends Payable and credit to Cash O d. debit to Dividends Declared and credit to Stock Dividends Distributable O e. debit to Dividends Declared and credit to Dividends Payable Of. debit to Stock Dividends Distributable and credit to Cash