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Procter & Gamble had the following transactions in April 2025: Issued 520,000 shares of common stock for $520 per share. Purchased land for $70,000,000, paying
Procter & Gamble had the following transactions in April 2025:
- Issued 520,000 shares of common stock for $520 per share.
- Purchased land for $70,000,000, paying $28,000,000 in cash and signing a note for the balance.
- Declared and paid dividends of $12,000,000.
Record the journal entries for these transactions and show how they would affect the cash flow statement.
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