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 $174,000. 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.

Journal entry worksheet

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

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Jul 15

Journal entry worksheet

• Record the entry on the date of record for the cash dividend of $174,000.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Aug 15

Journal entry worksheet

• Record the payment of cash dividend.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Aug 31