Molly's Brewery declared a cash dividend of $2,400 on July 1,2015.It sets the record date as July 17,2015,the ex-dividend date as July 15,2015,and the payment date as August 5,2015.Prepare all necessary journal entries to record this dividend.

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The Answer of Molly's Brewery declared a cash dividend of $2,400 on July 1,2015.It sets the record date as July 17,2015,the ex-dividend date as July 15,2015,and the payment date as August 5,2015.Prepare all necessary journal entries to record this dividend.

Molly's Brewery Declared a Cash Dividend of $2,400 on July