A corporation declares a dividend of$0.50 per share on18,000 shares of common stock. Which of the following is included in the entry to record thedeclaration?
A. Cash Dividends is debited for$9,000.
B. Paid-In Capital in Excess of Parlong dash-Common is credited for$9,000.
C. Cash Dividends is credited for$9,000.
D. Dividends Payablelong dash-Common is debited for$9,000.