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Stripe, Inc. had the following transactions in February 2036: Issued 3,120,000 shares of common stock for $3,120 per share. Purchased equipment for $1,360,000,000, paying $544,000,000

Stripe, Inc. had the following transactions in February 2036:

  • Issued 3,120,000 shares of common stock for $3,120 per share.
  • Purchased equipment for $1,360,000,000, paying $544,000,000 in cash and signing a note for the balance.
  • Declared and paid dividends of $142,000,000.

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

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