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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. Note: 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 $164,000. 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. View transaction list Journal entry worksheet < 1 2 3 Record the declaration of a cash dividend payable to common stockholders. Date July 15 Note: Enter debits before credits. General Journal Debit Credit

QS 11-6 (Algo) Accounting for cash dividends LO P2 Prepare journal entries to record the following transactions for Emerson Corporation. Note: 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 $164,000. 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. View transaction list Journal entry worksheet < 1 2 3 Record the declaration of a cash dividend payable to common stockholders. Date July 15 Note: Enter debits before credits. General Journal Debit Credit

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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. Note: 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 $164,000. 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. View transaction list Journal entry worksheet < 1 2 3 Record the declaration of a cash dividend payable to common stockholders. Date July 15 Note: Enter debits before credits. General Journal Debit Credit
Transcribed Image Text:QS 11-6 (Algo) Accounting for cash dividends LO P2 Prepare journal entries to record the following transactions for Emerson Corporation. Note: 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 $164,000. 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. View transaction list Journal entry worksheet < 1 2 3 Record the declaration of a cash dividend payable to common stockholders. Date July 15 Note: Enter debits before credits. General Journal Debit Credit
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