TB MC Qu$.11-114($Static$)$ On February $16,$ Hawthorne Company declares...

On February $16,$ Hawthorne Company declares a $$1\mathrm{.}36$ dividend to be paid on April $5.$ There

are $1,900,000$ shares of common stock issued and outstanding. The entry recorded by the

company on April $5$ includes a debit to:

Multiple Choice

A debit to Dividends and a credit to Dividends Payable for $$2,584,000.$

A debit to Dividends Payable and a credit to Cash for $$2,584,000.$

A debit to Dividends Payable and a credit to Cash for $$2,720,000.$

A debit to Dividends and a credit to Dividends Payable for $$2,720,000.$