Prepare journal entries to record the following transactions for Emerson Corporation. Note: If no entry is...

 

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Prepare journal entries to record the following transactions for Emerson Corporation. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. August 15 July 15 Declared a cash dividend payable to common stockholders of $165,000. Date of record is August 15 for the cash dividend declared on July 15. Paid the dividend declared on July 15. August 31 Prepare journal entries to record the following transactions for Emerson Corporation. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. August 15 July 15 Declared a cash dividend payable to common stockholders of $165,000. Date of record is August 15 for the cash dividend declared on July 15. Paid the dividend declared on July 15. August 31