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Prepare journal entries to record transactions for emerson

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Problem 1: 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.)

  1. July 15 Declared a cash dividend payable to common stockholders of $165,000.
  2. 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.

Reference no: EM132825387

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