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 is Declared a cash dividend payable to comon stockholders of $165,200. August is Date of record is August 15 for the cash dividend declared on July is. August 31 Paid the dividend declared on July 15. Journal entry worksheet Record the declaration of a cash dividend payable to common stockholders. Note; Enter debits before credits