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Boeing Company had the following transactions in January 2030: Issued 1,660,000 shares of common stock for $1,660 per share. Purchased land for $630,000,000, paying $252,056,000
Boeing Company had the following transactions in January 2030:
- Issued 1,660,000 shares of common stock for $1,660 per share.
- Purchased land for $630,000,000, paying $252,056,000 in cash and signing a note for the balance.
- Declared and paid dividends of $69,050,000.
Record the journal entries for these transactions and show how they would affect the cash flow statement.
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