The Board of Directors Declared a $2 Per Share Cash

The board of directors declared a $2 per share cash dividend on common stock and the corporation had 5,000 shares authorized and 4,000 shares outstanding and make a journal entry. The journal entry for the dividend payment would be

A) a debit to Cash Dividends for $8,000 and a credit to Common Dividends Payable for $8,000.
B) a debit to Cash Dividends for $10,000 and a credit to Common Dividends Payable for $10,000.
C) a debit to Cash Dividends Payable for $8,000 and a credit to Cash for $8,000.
D) a debit to Cash Dividends Payable for $10,000 and a credit to Cash for $10,000.