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 1 ? Dr-Dividends $10,000 Cr- Dividends Payable $10,000 Dr-Dividends $10.000 Cr-Cash$10,000 Dr- Dividends Payable $10,000 Cr.Cash$10.000 No journal entry