Prepare journal entries to record the following transactions for Emerson Corporation.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

July $15$ Declared a cash dividend payable to common stockholders of $$176,000.$ August $15$ Date of record is August $15$ for the cash dividend declared on July $15.$ August $31$ Paid the dividend declared on July $15.$

Journal entry worksheet

$123$

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

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$July $15,,,],[,,,],[,,,],[,,,],[,,,]]$