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On September 01, the River Company's Board of Directors declares a Cash Dividend of $10 per share to common shareholders on record on September

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On September 01, the River Company's Board of Directors declares a Cash Dividend of $10 per share to common shareholders on record on September 15 Authorized Shares at September 01 = 100,000 Shares Issued Shares = 80,000 Shares Outstanding Shares = 65,000 Shares Cash Payment is September 30 Record the Journal Entry on September 01 Oa. Dividends Cash $800,000 $800,000 Dividends Payable Ob. No Entry is required on September 01 Oc. Dividends $650,000 Od. Dividends $800,000 $650,000 Dividends Payable $800,000 Oe. Dividends Payable $650,000 Cash $650,000

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