fetzer company declared a $0.10 per share cash dividend. the company has 300,000 shares authorized, 285,000 shares issued, and 12,000 shares in treasury stock. the journal entry to record the dividend declaration is: multiple choice debit retained earnings $28,500; credit common dividends payable $28,500. debit common dividends payable $28,500; credit cash $28,500. debit retained earnings $30,000; credit common dividends payable $30,000. debit retained earnings $27,300; credit common dividends payable $27,300. debit common dividends payable $27,300; credit cash $27,300.