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Procter & Gamble had the following transactions in September 2024: Issued 380,000 shares of common stock for $450 per share. Purchased equipment for $32,000,000, paying

Procter & Gamble had the following transactions in September 2024:

  • Issued 380,000 shares of common stock for $450 per share.
  • Purchased equipment for $32,000,000, paying $14,000,000 in cash and signing a note for the balance.
  • Declared and paid dividends of $7,700,000.

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

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