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Ford Motor Company had the following transactions in February 2030: Issued 1,680,000 shares of common stock for $1,680 per share. Purchased equipment for $640,550,000, paying
Ford Motor Company had the following transactions in February 2030:
- Issued 1,680,000 shares of common stock for $1,680 per share.
- Purchased equipment for $640,550,000, paying $256,000,000 in cash and signing a note for the balance.
- Declared and paid dividends of $70,600,000.
Record the journal entries for these transactions and show how they would affect the cash flow statement.
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