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General Electric Company had the following transactions in November 2029: Issued 1,620,000 shares of common stock for $1,620 per share. Purchased land for $610,050,000, paying

General Electric Company had the following transactions in November 2029:

  • Issued 1,620,000 shares of common stock for $1,620 per share.
  • Purchased land for $610,050,000, paying $244,000,000 in cash and signing a note for the balance.
  • Declared and paid dividends of $67,000,450.

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

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