Prepare journal entries to record the following transactions for Emerson Corporation. July 15 Declared a cash dividend payable to common stockholders of $160,000. August 15 Date of record is August 15 for the cash dividend declared on July 15. August 31 Paid the dividend declared on July 15.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Prepare journal entries to record the following transactions for Emerson Corporation.

July 15 Declared a cash dividend payable to common stockholders of $160,000.
August 15 Date of record is August 15 for the cash dividend declared on July 15.
August 31 Paid the dividend declared on July 15.
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