Question
Alphabet Inc. had the following transactions in May 2024: Issued 55,000 shares of common stock for $120 per share. Purchased machinery for $1,500,000, paying $400,000
Alphabet Inc. had the following transactions in May 2024:
- Issued 55,000 shares of common stock for $120 per share.
- Purchased machinery for $1,500,000, paying $400,000 in cash and signing a note for the balance.
- Declared and paid dividends of $350,000.
Record the journal entries for these transactions and show how they would affect the cash flow statement.
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Horngrens Financial And Managerial Accounting The Financial Chapters
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
6th Edition
978-0134486840, 134486838, 134486854, 134486846, 9780134486833, 978-0134486857
