ournal estry to record the dividend declaration is: Mutiple Choice Debs Common Dividend Payabse $95 , 000 ; cruat Cash $95 , 000 Debt Retaned Earings 55.000 - ctedt Commen Divend Paysale $5.000 : Debt Commen Dividend Payable 590000 , tredit Case $90.000 . Multiple Choice Debit Retained Earnings $90 , 000 ; credit Common Dividend Payable $90 , 000 . Debit Common Dividend Payable \$95,000; credit Cash $95 , 000 . Debit Retained Eamings $5 , 000 ; credit Common Dividend Payable $5 , 000 . Debit Common Dividend Payable $90 , 000 ; credit Cash $90 , 000. Debit Retained Eamings $95 , 000 ; credit Common Dividend Payable \$95,000