July 15 Declared a cash dividend payable to common stockholders of $167,00e 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/event, select "No journal entry required" in the first account field.) View transaction list Record the declaration of a cash dividend payable to common stockholders. 1 lders 2 Record the date of record for the cash dividend. 3 Record the payment of cash dividend. Credit Note: journal entry has been entered Record entry Clear entry View general journal