Referring to the scenario in #27 above, Emerson Corporation paid the dividend on July 15. The journal entry to record this transaction includes O A credit to Cash O A credit to Retained Earnings O A debit to Retained Earnings O A credit to Dividends Payable Question 27 4 pts On July 15, Emerson Corporation declares a cash dividend payable to common stockholders of $165,000. The journal entry to record this transaction includes O A credit to Cash O A debit to Dividend Payable O A debit to Cash O A debit to Retained Earnings