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. The entry required to record the declaration of dividends would be

A) a debit to Cash and a credit to Common Dividends Payable.
B) a debit to Common Dividends Payable and a credit to Cash.
C) a debit to Retained Earnings and a credit to Common Dividends Payable.
D) a debit to Cash Dividends and a credit to Common Dividends Payable.