On July 6, 2012, the board of directors of the Hanson Corporation declared a cash dividend of $10 per share on 60,000 shares of outstanding common stock, payable September 1, 2012, to stockholders of record on August 10, 2012. The entry to record the declaration of this dividend is:

A. Retained Earnings 600,000 Common Stock 600,000

B. Retained Earnings-Dividends 600,000 Retained Earnings 600,000

C. Retained Earnings 600,000 Cash 600,000

D. Retained Earnings 600,000 Dividends Payable 600,000