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Prepare journal entries to record the following transactions for Emerson Corporation. (If no journal entry...

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Accounting

Prepare journal entries to record the following transactions for Emerson Corporation. (If no journal entry is required, write no journal entry required).
A. July 15 - declared a cash dividend payable to common stockholders of $80,000.
B. August 15 - date of record is August 15 for the cash dividend declared on July 15.
C. August 31 - paid the dividend declared on July 15.

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