Which of the following is the appropriate general journal entry to record the declaration of cash dividends for $50,000? O Debit Cash Dividends $50,000 AND Credit Dividends Payable $50,000 Debit Dividends Payable $50,000 AND Credit Cash Dividends $50,000 O Debit Dividends Payable $50,000 AND Credit Cash $50,000 Debit Paid-in Capital $50,000 AND Creidt Dividends Payable $50,000