QS 11-6 Accounting for cash dividends LO P2 Prepare journal entries to record the transactions for Emerson Corporation. Of no entry is required for a transaction/event, select "No Journal entry required" In the first account fleld.) July 15 Declared a cash dividend payable to common stockholders of $175,000. Aug 15 Date of record Le August 15 for the cash dividend declared on July 15. Aug. 31 Paid the dividend declared on July 15. View transaction list Journal entry worksheet 1 2 3 Record the declaration of a cash dividend payable to common stockholders. Note: Enter debts before credits Date Jul 15 General Journal Debita Credit Record entry Clear entry View general journal