Business, 11.04.2020 02:42, lillieannereed

Accounting for cash dividends LO P2

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

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.

-Prepare 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.) J

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Accounting for cash dividends LO P2

July 15 Declared a cash dividend payable to common...