On February 16,Hawthorne Co

Multiple Choice

On February 16,Hawthorne Co.declares a $0.68 dividend to be paid on April 5.Hawthorne has 1,900,000 shares of common stock issued and outstanding.The entry recorded by the company on February 16 includes a debit to:

A) Dividends Payable and a credit to Cash for $1,360,000.
B) Dividends and a credit to Dividends Payable for $1,292,000.
C) Dividends Payable and a credit to Cash for $1,292,000.
D) Dividends and a credit to Dividends Payable for $1,360,000.