On February 16,Hawthorne Co

Multiple Choice

On February 16,Hawthorne Co.declares a $1.36 dividend to be paid on April 5.There are 1,900,000 shares of common stock issued and outstanding.The entry recorded by the company on April 5 includes a debit to:

A) A debit to Dividends Payable and a credit to Cash for $2,720,000.
B) A debit to Dividends and a credit to Dividends Payable for $2,584,000.
C) A debit to Dividends Payable and a credit to Cash for $2,584,000.
D) A debit to Dividends and a credit to Dividends Payable for $2,720,000.