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IBM had the following transactions in August 2026: Issued 840,000 shares of common stock for $840 per share. Purchased equipment for $220,000,000, paying $88,000,000 in

IBM had the following transactions in August 2026:

  • Issued 840,000 shares of common stock for $840 per share.
  • Purchased equipment for $220,000,000, paying $88,000,000 in cash and signing a note for the balance.
  • Declared and paid dividends of $28,000,000.

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

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