On 2 January 2021 Madaline Ltd paid an interim dividend of $18,000 by issuing a bonus share dividend of $6,000 and the remainder paid in cash. The journal entry to record the dividend is:

a.

DR Retained Earnings 18,000; CR Share Capital 6,000; CR Cash 12,000.

b.

DR Cash 12,000; DR Share Capital 6,000; CR Retained Earnings 18,000.

c.

DR Dividends declared 18,000; CR Bonus Share issue 6,000; CR Cash 12,000.

d.

DR Dividends Paid 18,000; CR Bonus Shares 6,000; CR Cash 12,000.