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The declaration record and payment dates in connection with a cash dividend of $135,000 on Smith's corporations common stock are January 1, March 1, and

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The declaration record and payment dates in connection with a cash dividend of $135,000 on Smith's corporations common stock are January 1, March 1, and April 1. Which answer reflects the correct journal entry on January 1: A January 1 Cash Dividends Payable 135.000 (debit) 135,000 Cash (credit 135,000 B. No entry is required C. January 1 Cash Dividends 135,000 (debit) 135,000 Cash Dividends Payable (credit) 135,000 D. None of the above

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