QS Algo Accounting for cash dividends LO P
Prepare journal entries to record the following transactions for Emerson Corporation.
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field.
July Declared a cash dividend payable to common stockholders of $
August Date of record is August for the cash dividend d&clared on July
August Paid the dividend declared on July
Journal entry worksheet
Record the declaration of a cash dividend payable to common stockholders.
Note: Enter debits before credits.
tableDateDebit,CreditJuly
