Question 9 2 pts Crafty Creations started a small business to sell crafts on Etsy. On January 1, they paid a $5,000 dividend that was declared in the prior month. What accounts would be used for the journal entry and how would they be affected? Debit Retained Earnings; Credit Cash O Debit Common Dividends Payable; Credit Cash O Debit Common Dividends Payable; Credit Retained Earnings O Debit Cash; Credit Common Dividends Payable! O Debit Retained Earnings; Credit Common Dividends Payable Next