Table 10-1 Lewis & Clark, Inc., has 100,000 shares of common stock authorized, 25,000 shares issued and outstanding on September 1, 20X9, the company declared a $3.00 per share dividend for those of record on October 1, 20X9, to be paid on November 1, 20x9. Referring to Table 10-1, which of the following journal entries would Lewis & Clark, Inc., make on October 1, 20x8 75,000 75,000 75,000 O A. No journal entry is necessary OB. Retained Earnings Dividends Payable O C. Retained Earnings Cash OD Dividends Payable Cash OE. Retained Earnings Dividends Payable 75,000 75,000 75,000 300,000 300,000 When 300 shares of $1 par value Common Stock are issued at $23 per share, Paid - in Capital in Excess of Par-Common will: O A. increase $300 OB. increase $6,600 OC. decrease $6,900. OD. stay the same