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McDonald's Corporation had the following transactions in August 2029: Issued 1,560,000 shares of common stock for $1,560 per share. Purchased equipment for $580,000,000, paying $232,000,000
McDonald's Corporation had the following transactions in August 2029:
- Issued 1,560,000 shares of common stock for $1,560 per share.
- Purchased equipment for $580,000,000, paying $232,000,000 in cash and signing a note for the balance.
- Declared and paid dividends of $64,000,000.
Record the journal entries for these transactions and show how they would affect the cash flow statement.
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