Record entries (if necessary) for the following transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. June 30 Declared a $45,000 cash dividend payable to common stockholders. July 15 The date of record for the cash dividend declared is July 15. July 31 Paid the dividend declared on June 30 . Journal entry worksheet Declared a $45,000 cash dividend payable to common stockholders. Note: Enter debits before credits