LMN Ltd Declared an Interim Dividend on 12 February 2018

Multiple Choice

LMN Ltd declared an interim dividend on 12 February 2018 of 5 cents per share (500 000 issued shares) and paid it on 3 March 2018. The journal entry on 3 March 2018 would include:

A) DR Interim dividend declared, $25 000.
B) CR Cash, $25 000.
C) CR Interim dividend payable, $25 000.
D) CR Retained profits, $25 000.