Doug. corp declared a 0.70 per share common dividend. the company has 25000 common shares authorized with 7000 shares issued and outstanding. a possible journal entry to record the declaration. a. cash dividend 3900 common dividend payable 3900 b. retained earning 4900 common dividend payable 4900 c. common dividend payable 4900 retained earning 4900 d. common dividend payable 4900 cash 4900