Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta

Exercise 13

Prepare journal entries to record the following transactions for Emerson Corporation.
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.