"Cabby Company declared, on May 20, a dividend of $600,000 payable on August 1. Of this amount, $75,000 is a return of capital. What is the May 20th entry?" "Debit Paid in Capital In excess of Par $600,000 Credit Dividends Payable $600,000" "Debit Retained earnings $75,000 Debit paid In Capital In Excess of Par $525,000 Credit Dividends Payable $600,000" "Debit retained earnings $600,000 Credit Dividends Payable $600,000" "Debit Retained earnings $525,000 Debit Paid in Capital In Excess of Par $75,000 Credit Dividends Payable $600,000