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On October 1st, Green Inc. declared a $9,000 cash dividend. On November 1st, the company pays the cash dividend. What is the journal entry for

On October 1st, Green Inc. declared a $9,000 cash dividend. On November 1st, the company pays the cash dividend. What is the journal entry for November 1st?

Dr. Cash 9,000; Cr. Dividends Payable 9,000

Dr. Dividends Payable 9,000; Cr. Cash 9,000

Dr. Dividends Payable 9,000; Cr. Retained Earnings 9,000

Dr. Retained Earnings 9,000; Cr. Dividends Payable 9,000

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