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DraftKings Inc. had the following transactions in October 2033: Issued 2,560,000 shares of common stock for $2,560 per share. Purchased equipment for $1,080,000,000, paying $432,000,951
DraftKings Inc. had the following transactions in October 2033:
- Issued 2,560,000 shares of common stock for $2,560 per share.
- Purchased equipment for $1,080,000,000, paying $432,000,951 in cash and signing a note for the balance.
- Declared and paid dividends of $114,741,000.
Record the journal entries for these transactions and show how they would affect the cash flow statement.
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