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Huter Corporetion declared a $0.50 per share cash dividend on its common shares. The compeny has 20,000 shares authorised, 9,000 shares issued and 8,000 shares

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Huter Corporetion declared a $0.50 per share cash dividend on its common shares. The compeny has 20,000 shares authorised, 9,000 shares issued and 8,000 shares of common stock outstanding. The journal entry to record the dividend declaration is O Debit Common Dividends Payable $4,500, credit Cash $4,500 O Debit Retained Earmings $4,000: credt Common Dividends Payable $4,000 O Debit Common Dividends Payable $4,000, credit Cath $4,000 O Debit Retained Earnings $4,500 credt Common Dividends Payable $4 500 O Debit Retained Earnings $t0,000, credt Common Dividends Payable $10,000 8 command option

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