Prepare journal entries to record the following transactions for Emerson Corporation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) July 15 Declared a canh dividend payable to cosnon stockholders of $175,000. Auguat 15 pate of record ia August 15 for the cash dividend declared on July is. auguat 31 paid the dividend declared on July 15. Journal entry worksheet 3 Record the deciaration of a cash dividend payable to common stockholders