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The journal entry for cash dividend of P 1.00 per share on 12,000 ordinary shares issued shall be
Group of answer choices
A. Debit Dividend Expense P 12,000; credit Cash P 12,000.
B. Debit Dividend Expense P 12,000; credit Dividend Payable P 12,000.
C. Debit Retained Earnings P 12,000; credit Dividend Payable P 12,000.
D. Debit Dividend Payable P 12,000; credit Cash P 12,000.
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