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On November 1,2024 , Uno, Inc. declared a dividend of $3.50 per share. Uno, Inc. has 29,000 shares of common stock outstanding and no preferred stock. Which of the following is the journal entry needed to record the declaration of the dividend? A. Debit Cash Dividends $101,500, and credit Dividends Payable-Common $101,500. B. Debit Cash $101,500, and credit Dividends Payable-Common $101,500. C. Debit Cash Dividends $101,500, and credit Cash $101,500. D. Debit Dividends Payable - Common $101,500, and credit Retained Eamings $101,500