Help Save & Exit Hutter Corporation declared a $O 50 per share cash dvidend on its…

Help Save & Exit Hutter Corporation declared a $O 50 per share cash dvidend on its common shares. The company has 25,000 shares authorized, 12,000 shares issued, and 10,000 shares of common stock outstanding The journal entry to record the dividend declaration is Mutiple Choice Debit Common Diidends Payabile $5,000, credit Cash $5,000 Debit Retained Eamings $5,000, credit Common Dividends Payable $5,000 Debit Common Diridends Payable $6,000, credit Conh $6,000 Debit Retsined Eamings $6,000, credt Common Dividends Peyable $6,000 0 8 Ctrl