July. 15 Declared a cash dividend payable to common stockholders of $162,000. Aug. 15 Date of the
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July. 15 Declared a cash dividend payable to common stockholders of $162,000.
Aug. 15 Date of the record is August 15 for the cash dividend declared on July 15.
Aug. 31 Paid the dividend declared on July 15.
Prepare journal entries to record the above transactions for Emerson Corporation.
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