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Snowflake Inc. had the following transactions in June 2038: Issued 3,680,000 shares of common stock for $3,680 per share. Purchased land for $1,640,000,000, paying $656,000,000

Snowflake Inc. had the following transactions in June 2038:

  • Issued 3,680,000 shares of common stock for $3,680 per share.
  • Purchased land for $1,640,000,000, paying $656,000,000 in cash and signing a note for the balance.
  • Declared and paid dividends of $169,000,000.

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

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