July 15 Declared a cash dividend payable to common stockholders of $172,000. 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 Prepare journal entries to record the above transactions for Emerson Corporation. (If no journal entry is required, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the date of record for the cash dividend. Note: Enter debits before credits. Date General Journal Debit Credit Aug 15 C ommon dividend payable 172,000 Cash 172,000 Record entry Clear entry View general journal 15