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DoorDash, Inc. had the following transactions in July 2038: Issued 3,700,000 shares of common stock for $3,700 per share. Purchased equipment for $1,650,000,000, paying $660,000,000
DoorDash, Inc. had the following transactions in July 2038:
- Issued 3,700,000 shares of common stock for $3,700 per share.
- Purchased equipment for $1,650,000,000, paying $660,000,000 in cash and signing a note for the balance.
- Declared and paid dividends of $170,000,000.
Record the journal entries for these transactions and show how they would affect the cash flow statement.
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