Wells Fargo & Company had the following transactions in December 2024: Issued 120,000 shares of common stock
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Question:
Wells Fargo & Company had the following transactions in December 2024:
- Issued 120,000 shares of common stock for $190 per share.
- Purchased land for $3,500,000, paying $1,400,000 in cash and signing a note for the balance.
- Declared and paid dividends of $1,100,000.
Record the journal entries for these transactions and show how they would affect the cash flow statement.
Posted Date: