Reference no: EM132762322

Question - Journal entries to record the above 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 $178,000.

2. Aug. 15 Date of record is August 15 for the cash dividend declared on

3. July 15. Aug. 31 Paid the dividend declared on July 15.

Required -

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

Record the entry on the date of record for the cash dividend of $178,000.

Record the payment of cash dividend.