Which of the Following Correctly Describes the Recording of a Dividend

Which of the following correctly describes the recording of a dividend declaration by a company's board of directors?

A) A debit to retained earnings and a credit to cash.
B) A debit to contributed capital and a credit to dividends payable.
C) A debit to cash and a credit to retained earnings.
D) A debit to retained earnings and a credit to dividends payable.