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Question 1 On the date of declaration what is the journal entry to record the declaration of a 25,000 cash dividend on common stock? A.

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Question 1 On the date of declaration what is the journal entry to record the declaration of a 25,000 cash dividend on common stock? A. No entry B. Dr. Retained Earnings 25000; Cr. Dividend PayableCommon 25000 C. Dr. Cash 25000; Cr. Dividend PayableCommon 25,000 D. Dr. Dividend Payable-Common 25,000; Cr. Cash 25,000 E. None of the above

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