A Corporation Had 50,000 Shares of $20 Par Value Common

A corporation had 50,000 shares of $20 par value common stock outstanding on July 1.Later that day the board of directors declared a 10% stock dividend when the market value of each share was $27.The entry to record this dividend is:

A) $$\begin{array} { | l | c | c | } \hline \text { Retained Earnings } & 135,000 & \\\hline \text { Common Stock Dividend Distributable } & & 135,000 \\\hline\end{array}$$
B) $$\begin{array} { | c | r | r | } \hline \text { Retained Earnings } & 135,000 & \\\hline \text { Cash } & & 135,000 \\\hline\end{array}$$
C) $$\begin{array} { |l | r | r | } \hline \text { Retaired Eanniriss } & 135,000 & \\\hline \text { Common Stock Dividend Distributable } & & 100,000 \\\hline \text { Paid-In Capital in Excess of Par Value } & & \\\text { Common Stock } & & 35,000 \\\hline\end{array}$$
D) $$\begin{array} { |l | c | c | } \hline \text { Retained Earnings } & 100,000 & \\\hline \text { Common Stock Dividend Distributable } & & 100,000 \\\hline\end{array}$$
E) No entry is made until the stock is issued