On July 15, 2018, the board of directors of George Easton Limited declared a cash dividend of $0.50 per share on 84,000 common shares. The dividend is to be paid on August 15, 2018, to shareholders of record on July 31, 2018. The correct entry to be recorded on August 15, 2018 will include a Select one: a. credit to Dividends Payable. b. credit to Retained Earnings. c. debit to Dividends Payable. d. debit to Dividends Declared