QUESTION 17 On June 1, the board of directors of Duchac Corporation dedared $350,000 in cash dividends. The date of record is June 15, and the date! of payment is June 30. The journal entry on the date of declaration would be: a. Cash dividends payable 350,000 Cash 350,000 b. no entry is required. Oc Cash dividends payable 350,000 Cash dividends 350,000 d. Cash dividends Cash dividends payable 350,000 350,000