B. C. D

Papa's Foods has outstanding 300$5.00 preferred shares and 1,100 common shares. Papa's declares dividends of $14,800. What is the correct entry? Accounts Dividends Payable, Preferred Dividends Payable, Common Cash Accounts Dividends Expense Cash Accounts Retained Earnings Dividends Payable, Preferred Dividends Payable, Common Accounts Retained Earnings Dividends Payable, Preferred Dividends Payable, Common Debit 1 ,500 13,300 Debit 14,800 Debit 14,800 Debit 14,800 Credit 14,800 Credit 14,800 Credit 7,400 7,400 Credit 1 ,500 13,300