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July 15 Declared a cash dividend payable to common stockholders of $165,000. August 15 Date of record is August 15 for the cash dividend declared
| July 15 | Declared a cash dividend payable to common stockholders of $165,000. | |
| August 15 | Date of record is August 15 for the cash dividend declared on July 15. | |
| August 31 | Paid the dividend declared on July 15. |
| Prepare journal entries to record the above transactions for Emerson Corporation |
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