journal entries to record the above transactions for Emerson Corporation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

1. July 15 Declared a cash dividend payable to common stockholders of $178,000.
2. Aug. 15 Date of record is August 15 for the cash dividend declared on
3. July 15. Aug. 31 Paid the dividend declared on July 15.

• Record the declaration of a cash dividend payable to common stockholders.
• Record the entry on the date of record for the cash dividend of $178,000.
• Record the payment of cash dividend.