Use the Following Information for Questions

Multiple Choice

Use the following information for questions
On July 15, 2015, the board of directors of George Easton Limited declared a cash dividend of $0.50 per share on 84,000 common shares.The dividend is to be paid on August 15, 2015, to shareholders of record on July 31, 2015.
-The correct entry to be recorded on August 15, 2015 will include a

A) debit to Cash Dividends.
B) credit to Retained Earnings.
C) credit to Dividends Payable.
D) debit to Dividends Payable.