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July 15 Declared a cash dividend payable to common stockholders of $179,888. Aug. 15 Date...

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Accounting

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July 15 Declared a cash dividend payable to common stockholders of $179,888. Aug. 15 Date of record is August 15 for the cash dividend declared on July 15 Aug. 31 Paid the dividend declared on uly 15. Prepare journal entries to record the above transactions for Emerson Corporation. (If no entry Is required for a transactlon/event, select "No journal entry required" In the first account field.) View transaction list Journal entry worksheet 2 Record the declaration of a cash dividend payable to common stockholders. Note: Enter debits before credits Debit Credit 179,000 Date General Journal Jul 15 Common dividend payable 179,000 Record entry Clear entry View general journal

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