Roush Inc. has 100,000 shares of $5 par value common stock issued and outstanding. On July 1, 2019 the board of directors of Roush, Inc. authorizes a $.33 per share dividend to shareholders of record on July 31, 2019. The dividend will be paid August 20, 2019. What is the entry on July 31, 2019? Select one: O a. Dr. Cash Dividends $33,000. Cr. Dividends Payable $33,000 O b. Dr. Dividends Payable $500,000. Cr. Cash Dividends $500,000 c. No entry is necessary O d. Dr. Dividends Payable $33,000. Cr. Cash $33,000 Roush Inc. has 100,000 shares of $5 par value common stock issued and outstanding. On July 1, 2019 the board of directors of Roush, Inc. authorizes a $.33 per share dividend to shareholders of record on July 31, 2019. The dividend will be paid August 20, 2019. What is the entry on July 1, 2019? Select one: O a. No entry is necessary O b. Dr. Cash Dividends $33,000. Cr. Dividends Payable $33,000 c. Dr. Dividends Payable $500,000. Cr. Cash Dividends $500,000 O d. Dr. Dividends Payable $33,000. Cr. Cash $33,000