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Galache, Int. dictured a cash dividend of 58,000 on June 1, 2018. It sets the record dute as June 17, 2018, the ex-dividend dates June 15, 2016, and the payment date as July 7, 2018. What journal entries are necessary to record this dividend? The timeline related to the cash dividend declaration and payment follown. Date of Declaration Ex-dividend Date Date of Record Payment Date June 1, 2018 Juhe 15, 2018 June 17 2018 July 7, 2018 Legal ability Stock bought on this Ownership Liability paid Incurred date or later will not determined at the receive the dividend close of business What jumal entries are necessary to record this dividend? (Record debits first, then creat Exclude explanations from any journal entries. If no entry is required, select "No Entry Required on the first line of the joumal entry table and leave all remaining coils in the table blank.) June 1, 2018: Date of declaration of the cash dividend. Account June 1, 2018