This Question: 2 pts 32 of 37 (0 complete) This Test: 72 pts possible Question Help On November 1, 2018, Uno, Inc. declared a dividend of $4.25 per share. Uno, Inc. has 26,000 shares of common stock outstanding and no preferred stock. Which of the following is the journal entry needed to record the declaration of the dividend? A. Debit Cash Dividends $110,500, and credit Cash $110,500. B. Debit Dividends PayableCommon $110,500, and credit Retained Earnings $110,500. C. Debit Cash $110,500, and credit Dividends PayableCommon $110,500. D. Debit Cash Dividends $110,500, and credit Dividends Payable-Common $110,500