Prepare journal entries to record the above transactions for Emerson Corporation July 15 Declared a cash dividend
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July | 15 | Declared a cash dividend payable to common stockholders of $161,000. | ||
Aug. | 15 | Date of record is August 15 for the cash dividend declared on July 15. | ||
Aug. | 31 | Paid the dividend declared on July 15. |
Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025372
4th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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