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 April 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