Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 38,000 shares authorized, 19,800 shares issued, and 15,200 shares of common stock outstanding. The journal entry to record the dividend declaration is:.A. Debit Retained Earrings $7600; credit Common Dividends Payable $7,500. B. Debit Retained Earnings $19,000; credit Common Dividends Payable $19,000.C. Debit Retained Earnings $9,900; credit Common Dividends Payable $9.900.D. Debit Common Dividends Payable $9,900; credit Cash $9,900.E. Debit Common Dividends Payable $7500; credit Cash $7,500.

Select the correct answer. after the 2008 recession, the amount of reserves in the us banking system increased. because of federal reserve actions, required reserves increased from $44 billion to $60 billion. however, banks started holding more reserves than required. by january 2009, banks were holding $900 billion in excess reserves. the federal reserve started paying interest on the excess reserves that the banks held. what possible impact will these unused reserves have on the economy? a. the interest rate on loans will fall. b. people will demand more foreign goods. c. people will start borrowing more money. d. the economy will face inflation. e. foreign investments will increase.