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Goldman Sachs had the following transactions in November 2024: Issued 15,000 shares of common stock for $60 per share. Purchased land for $400,000, paying $150,000
Goldman Sachs had the following transactions in November 2024:
- Issued 15,000 shares of common stock for $60 per share.
- Purchased land for $400,000, paying $150,000 in cash and signing a note for the balance.
- Declared and paid dividends of $90,000.
Record the journal entries for these transactions and show how they would affect the cash flow statement.
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