A corporation declares a dividend of $2.00 per share on 15,000 shares of common stock. Which of the following is included in the entry to record thedeclaration?

A. Cash Dividends is credited for $30,000.

B. Cash Dividends is debited for $30,000.

C. Dividends PayableCommon is debited for $30,000.

D. PaidIn Capital in Excess of ParCommon is credited for $30,000.

On November1, 2018,Nada, Inc. declared a dividend of $5.00 per share on common stock.Nada, Inc. has 30,000 shares of common stock outstanding and no preferred stock. The date of record is November15, and the payment date is November30, 2018. Which of the following is the journal entry needed on November30, 2018?

A. Debit Dividends PayableCommon $150,000, and credit Cash $150,000.

B. Debit Cash $150,000, and credit Dividends PayableCommon $150,000.

C. Debit Cash Dividends $150,000, and credit Cash $150,000.

D. Debit Cash Dividends $150,000, and credit Dividends PayableCommon $150,000.