On July 7, 2018, the board of directors of the Jeblon Corporation declared a cash dividend of $8 per share on 18,000 shares of outstanding common stock, payable September 2, 2018, to stockholders of record on August 23, 2018. The entry to record the declaration of this dividend is: Dividends 144,000 Dividends Payable 144,000 Two of the above answers are acceptable. Retained Earnings 144,000 Dividends Payable 144,000 Retained Earnings 144,000 Cash 144,000