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Pfizer Inc. had the following transactions in September 2024: Issued 90,000 shares of common stock for $160 per share. Purchased machinery for $2,500,000, paying $800,000

Pfizer Inc. had the following transactions in September 2024:

  • Issued 90,000 shares of common stock for $160 per share.
  • Purchased machinery for $2,500,000, paying $800,000 in cash and signing a note for the balance.
  • Declared and paid dividends of $750,000.

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

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