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Microsoft Corporation had the following transactions in March 2031: Issued 1,940,000 shares of common stock for $1,940 per share. Purchased land for $770,000,000, paying $308,000,000

Microsoft Corporation had the following transactions in March 2031:

  • Issued 1,940,000 shares of common stock for $1,940 per share.
  • Purchased land for $770,000,000, paying $308,000,000 in cash and signing a note for the balance.
  • Declared and paid dividends of $83,000,000.

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

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