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Walmart Inc. had the following transactions in June 2028: Issued 1,280,000 shares of common stock for $1,280 per share. Purchased equipment for $440,000,000, paying $176,000,000

Walmart Inc. had the following transactions in June 2028:

  • Issued 1,280,000 shares of common stock for $1,280 per share.
  • Purchased equipment for $440,000,000, paying $176,000,000 in cash and signing a note for the balance.
  • Declared and paid dividends of $50,000,000.

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

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