A corporation declares a dividend of $0.75 per share on 10,000 shares of common stock. Which of the following is included in the entry to record the declaration?

A. Dividends Payable - Common is debited for $7,500

B. Cash Dividends is credited for $7,500

C. Cash Dividends is debited for $7,500

D. Paid - In Capital in Excess Par - Common is credited for $7,500