Question
Company: Coca-Cola Company Coca-Cola Company had the following transactions in April 2024: Issued 5,000 shares of common stock for $45 per share. Purchased land for
Company: Coca-Cola Company
Coca-Cola Company had the following transactions in April 2024:
- Issued 5,000 shares of common stock for $45 per share.
- Purchased land for $150,000, paying $40,000 in cash and signing a note for the balance.
- Declared and paid dividends of $30,000.
Record the journal entries for these transactions and show how they would affect the cash flow statement.
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Accounting Volume 1
Authors: Charles T. Horngren, Walter T. Harrison, Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood
9th Canadian edition
978-013309863, 9780133128338, 013309863X, 133128334, 978-0132690096
