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Medtronic plc had the following transactions in December 2030: Issued 1,880,000 shares of common stock for $1,880 per share. Purchased equipment for $740,000,050, paying $296,000,050

Medtronic plc had the following transactions in December 2030:

  • Issued 1,880,000 shares of common stock for $1,880 per share.
  • Purchased equipment for $740,000,050, paying $296,000,050 in cash and signing a note for the balance.
  • Declared and paid dividends of $80,050,000.

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

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