Prepare the journal entry to record the issuance of 200,000 shares of common stock that sell for $10 per share and have a par value of $1. Use the date of Feb 1. Date Account Name Debit Credit P1. Part 2. What impact did the above transaction have on the company’s on the company’s assets, liabilities and equity? P2. Prepar Prepare journal entries to record the following transactions for Emerson Corporation. July 15 July 15 Declared a cash dividend payable to common stockholders of $ 165,000. Augu A August 15 Date of record is August 15 for the cash dividend declared on July 15. Augu August 31 Paid the dividend declared on July 15. Date Date Account Name Debit Credit