On the date of record, the journal entry would include:

A) a debit to Dividend Payable.
B) a credit to Dividend Payable.
C) a credit to Cash.
D) No entry is required on date of record.

Date of Record

The cutoff date set by a company to determine which shareholders are eligible to receive a dividend or participate in a corporate action.

Dividend Payable

Liability showing amount of cash dividend owed.