The statement of cash flows of Frappe, Inc., reported the following (adapted) for the year ended December 31, 20X6: (Click the icon to view the cash flow information.) Requirement 1. Make the journal entry that Frappe would use to record each of these transactions. Requirement 1. Make the journal entry that Frappe would use to record each of these transactions. (Enter amounts in millions. Record debits first, then credits. Explanations are not required.) Cash dividends paid, $1,850. Begin by recording the entry that would have occured upon declaration of the dividends. The payment of the dividends will be recorded in a s ded in a separate entry. Date Journal Entry Accounts Now, record the payment of the dividends. Date Debit Credit Journal Entry Accounts Debit Credit Record the issuance of ordinary shares at par value, $1,243. Journal Entry Date Accounts Record the proceeds from issuance of long-term notes payable, $52. Date Journal Entry Accounts Debit Credit Debit Credit I Record the purchases of treasury share, $3,060. Date Journal Entry Accounts Debit Credit Record the payments of long-term notes payable, $165. Journal Entry Date Accounts Debit Credit I Data table Cash flows from financing activities (amounts in millions) Cash dividends paid Issuance of ordinary shares at par value Proceeds from issuance of long-term notes payable Purchases of treasury share Payments of long-term notes payable . . $ (1,850) 1,243 52 (3,060) (165) Print Done