July 15 Declared a cash dividend payable to common stockholders of $165,000 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 entry is required for a transaction/ever select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 Record the payment of cash dividend. Note: Enter debits before credits. Date General Journal Debit Credit Aug 31 Record entry Clear entry View general journal