On May 1, the board of directors for Frosty's Snowcone Corp. declared a $10,000 dividend. The dividend is to be paid on May 31 to stockholders of record on May 15 . What is the journal entry on May 31 ? Dr- Dividends $10,000 Cr-Cash$10,000 Dr- Dividends $10,000 Cr- Dividends Payable $10,000 No journal entry Dr- Dividends Payable $10,000 Cr-Cash$10.000