QS 11-6 Accounting for cash dividends LO P2 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. View transaction list Journal entry worksheet > Record the declaration of a cash dividend payable to common stockholders. Note: Enter debits before credits Date Jul 15 Credit General Journal Common stock dividend distributable Common dividend payable Debit 174,000 174,000