PLEASE HELP ASAP

On June 1 (date of declaration), the company's board of directors announces the intention to pay a $0.50 per share dividend on the 1,000,000 outstanding shares of common stock to the stockholders of record on June 15. The payment date for the cash dividend is June 30 . What account and amount would we debit when we record the journal entry on the date of payment? dividends, $500,000 dividends payable, $500,000 cash, $500,000 no entry required