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Prepare journal entries to record the following transactions for Emerson Corporation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) July 15 Declared a cash dividend payable to conton stockholdera of $160,000. August 15 Date of record is August 15 for the cash dividend declared on July 15. Aagust 31 Paid the dividend deelared on July 15 . Journal entry worksheet Record the declaration of a cash dividend payable to common stockholders. Note1 Enter debits before credits