Question 32 (1 point) On November 1, 2013, ABC Corp. declares $100,000 of cash dividends on its common stock, to be paid on December 15, 2013 to shareholders of record on December 1, 2013. What entry should ABC make on November 1 when they declare the dividend? no entry is made on the date of declaration debit dividends or retained earnings $100,000, credit cash $100,000 debit dividends or retained earnings $100,000, credit dividends payable $100,000 debit dividends payable $100,000, credit cash $100,000