On date of declaration, what is the journal entry to record the declaration of a 5,000 cash

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Question:

On date of declaration, what is the journal entry to record the declaration of a 5,000 cash dividend on common stock?
A. Dr. Dividend Payable--Common 5,000; Cr. Retained Earnings 5,000
B. Dr. Retained Earnings 5,000; Cr. Dividend Payable--Common 5,000
C. Dr. Dividend Payable--Common 5,000; Cr. Cash 5,000
D. Dr. Cash 5,000; Cr. Dividend Payable--Common 5,000
E. None of the above