Business, 22.12.2020 04:30, kevin72937

Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 38,000 shares authorized, 19,800 shares issued, and 15,200 shares of common stock outstanding. The journal entry to record the dividend declaration is:.A. Debit Retained Earrings $7600; credit Common Dividends Payable $7,500. B. Debit Retained Earnings $19,000; credit Common Dividends Payable $19,000.C. Debit Retained Earnings $9,900; credit Common Dividends Payable $9.900.D. Debit Common Dividends Payable $9,900; credit Cash $9,900.E. Debit Common Dividends Payable $7500; credit Cash $7,500.

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Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 38...