On June 1, 2014, the Board of Directors Declared a $100,000

On June 1, 2014, the board of directors declared a $100,000 cash dividend to be distributed to common stockholders of record on June 15, 2014. The dividend will be paid on July 1, 2014. The required journal entry on June 1 includes a

A) $100,000 debit to retained earnings.
B) $100,000 debit to dividends payable.
C) $100,000 credit to cash.
D) $100,000 credit to common stock.