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Cisco Systems, Inc. had the following transactions in March 2024: Issued 45,000 shares of common stock for $90 per share. Purchased machinery for $750,000, paying

Cisco Systems, Inc. had the following transactions in March 2024:

  • Issued 45,000 shares of common stock for $90 per share.
  • Purchased machinery for $750,000, paying $300,000 in cash and signing a note for the balance.
  • Declared and paid dividends of $200,000.

Record the journal entries for these transactions and show how they would affect the cash flow statement.

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