Prepare journal entries to record the 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 cash dividend payable to common stockholders of $179,000. Aug. 15 Date of record 13 August 15 for the cash dividend declared on July 15. Aug. 31 Paid the dividend declared on July 15. View transaction list View journal entry worksheet No Date General Journal Dobit Credit 1 Jul 15 Organization expenses 179,0001 2 Aug 15 No journal entry required Aug 31 Common dividend payable 179,000