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Snowflake Inc. had the following transactions in November 2039: Issued 4,020,000 shares of common stock for $4,020 per share. Purchased equipment for $1,810,000,000, paying $724,000,000
Snowflake Inc. had the following transactions in November 2039:
- Issued 4,020,000 shares of common stock for $4,020 per share.
- Purchased equipment for $1,810,000,000, paying $724,000,000 in cash and signing a note for the balance.
- Declared and paid dividends of $186,000,000.
Record the journal entries for these transactions and show how they would affect the cash flow statement.
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