July		15		Declared a cash dividend payable to common stockholders of $176,000.
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.

a. Record the declaration of a cash dividend payable to common stockholders.

b. Record the date of record for the cash dividend.

c. Record the payment of cash dividend.