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. Chegg, Inc. had the following transactions in March 2034: Issued 2,660,000 shares of common stock for $2,660 per share. Purchased land for $1,130,000,000, paying
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Chegg, Inc. had the following transactions in March 2034:
- Issued 2,660,000 shares of common stock for $2,660 per share.
- Purchased land for $1,130,000,000, paying $452,000,000 in cash and signing a note for the balance.
- Declared and paid dividends of $119,000,000.
Record the journal entries for these transactions and show how they would affect the cash flow statement.
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