Question 60 1.5 pts Moss Company has 50,000 shares of $1 par common stock authorized, 20,000 shares issued, and 5,000 shares held as treasury stock. On August 15, 2021 the board of directors of Moss Company declared a $0.75 per share cash dividend on outstanding shares, with a date of record of August 31 to be paid on September 15, 2021. What is the entry to record the declaration of cash dividends? A. Cash Dividends 11,250 Dividends Payable 11,250 B. Dividends Payable 11,250 Cash 11,250 C. Cash Dividends 15,000 Dividends Payable 15,000 D. Dividends Payable 15,000 Cash 15,000