Johnson & Johnson had the following transactions in April 2024:

• Issued bonds worth $300,000 at a discount, receiving $200,000 in cash.
• Paid $55,000 in cash dividends to shareholders.
• Purchased machinery worth $70,000 on account.
• Sold products for $200,000 on account, with a cost of goods sold of $110,000.

Record the journal entries for these transactions and discuss their impact on Johnson & Johnson's financial statements.