Question
Walmart Inc. had the following transactions in August 2024: Issued 200,000 shares of common stock for $270 per share. Purchased land for $10,000,000, paying $4,000,000
Walmart Inc. had the following transactions in August 2024:
- Issued 200,000 shares of common stock for $270 per share.
- Purchased land for $10,000,000, paying $4,000,000 in cash and signing a note for the balance.
- Declared and paid dividends of $2,800,000.
Record the journal entries for these transactions and show how they would affect the cash flow statement.
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
