IBM Corporation had the following transactions in June 2024: Issued 60,000 shares of common stock for $150
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Question:
IBM Corporation had the following transactions in June 2024:
- Issued 60,000 shares of common stock for $150 per share.
- Purchased land for $1,200,000, paying $500,000 in cash and signing a note for the balance.
- Declared and paid dividends of $400,000.
Record the journal entries for these transactions and show how they would affect the cash flow statement.
Posted Date: