The following information pertains to questions 9 and 10. On November 15, YR01 the board of directors of AMD declared a cash dividend of $.50 per share on its common stock to holders of record on December 15, YR01. At the date of declaration the company had 40,000 shares authorized, 22,000 shares issued, and 18,000 shares outstanding (4,000 shares were held as treasury stock). The board specified that the dividend would be paid on January 20, YR02. 9. The general ledger entry on November 15, YR01 (date declaration) would be: a. Dividend Expense Dividends Payable 11,000 11,000 11,000 b. Retained Earnings Dividends Payable 11,000 9,000 c. Dividend Expense Dividends Payable 9,000 11,000 d. Retained Earnings Dividend Income Dividends Payable 2,000 9,000 e. None of the above. 10. The general ledger entry on January 20, YR02 (date of payment) would be: 11,000 a. Dividends Payable Cash 11,000 b. Dividends Payable Cash 9,000 9,000 9,000 c. Dividends Distributable Cash 9,000 d. Dividends Declared Cash 11,000 11,000 e. None of the above