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Tesla, Inc. had the following transactions in May 2027: Issued 1,020,000 shares of common stock for $1,020 per share. Purchased land for $310,000,000, paying $124,000,000

Tesla, Inc. had the following transactions in May 2027:

  • Issued 1,020,000 shares of common stock for $1,020 per share.
  • Purchased land for $310,000,000, paying $124,000,000 in cash and signing a note for the balance.
  • Declared and paid dividends of $37,000,000.

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

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