Fetzer Company declared a $O.20 per share cash dividend. The company has 340,000 shares authorized, 323,000 shares issued, and 13,600 shares in treasury stock. The journal entry to record the payment of the dividend is: Multiple Choice Debit Retained Earnings $61,880; credit Common Dividends Payable $61,880. Debit Common Dividends Payable $64,600; credit Cash $64,600 Debit Retained Eamings $64,500: credit Common Dividends Peyeble $64,600 Debit Common Dividends Payable $61880, credit Cash $61,880 Debit Retained Earnings $68,000; credit Common Dividends Payable $68,000