Lin has 100,000 shares of common stock outstanding. On April 15, the board declared a $.30 dividend to be paid to stockholders of record on May 4. The dividend was distributed on May 15. The proper journal entry for Linville on May 15 does not include: D. Both A and B A. a credit to Dividends Payable for $30,000. C. a credit to Cash for $30,000. B. a debit to Dividends for $30,000. E. None of these.