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Snowflake Inc. had the following transactions in October 2036: Issued 3,280,000 shares of common stock for $3,280 per share. Purchased equipment for $1,440,000,000, paying $576,000,000
Snowflake Inc. had the following transactions in October 2036:
- Issued 3,280,000 shares of common stock for $3,280 per share.
- Purchased equipment for $1,440,000,000, paying $576,000,000 in cash and signing a note for the balance.
- Declared and paid dividends of $150,000,000.
Record the journal entries for these transactions and show how they would affect the cash flow statement.
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