Prepare journal entries to record the following transactions for Emerson Corporation. (If no entry is required for a transaction/event select "No journal entry required" in the first account field.) July 15 Declared a cash dividend payable to common stockholders of $172,000. 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.

Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter11: Accounting For Transactions Using A General Journal
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QS 11-6 (Algo) Accounting for cash dividends LO P2
Prepare journal entries to record the following transactions for Emerson Corporation. (If no entry is required for a transaction/event,
select "No journal entry required" in the first account field.)
July 15 Declared a cash dividend payable to common stockholders of $172,000.
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.
59:06
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Journal entry worksheet
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Record the declaration of a cash dividend payable to common stockholders.
Note: Enter debits before credits.
Date
General Journal
Debit
Credit
July 15
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Transcribed Image Text:QS 11-6 (Algo) Accounting for cash dividends LO P2 Prepare journal entries to record the following transactions for Emerson Corporation. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) July 15 Declared a cash dividend payable to common stockholders of $172,000. 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. 59:06 View transaction list ook Journal entry worksheet > 1 3 Record the declaration of a cash dividend payable to common stockholders. Note: Enter debits before credits. Date General Journal Debit Credit July 15 < Prev B.. 2 of 7 Next > ... raw lill O 69°F Cloudy 4x pe here to search 99+ 21 ort sc delete 24 6. 6) backspace R T Y. JL F G H. K
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