On July 23 the company declared cash dividends of $45,000. The dividends were paid on September 25. Make the journal entries necessary to record both events. Which ONE of the following should be included in the journal entry necessary to record the PAYMENT of the dividends on July 23?

		A. DEBIT Dividends Payable for $45,000
		B. DEBIT Cash for $45,000
		C. CREDIT Common Stock at Par for $45,000
		D. DEBIT Paid-in Capital in Excess of Par for $45,000
		E. CREDIT Dividends Payable for $45,000