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Wish, Inc. had the following transactions in July 2035: Issued 2,980,000 shares of common stock for $2,980 per share. Purchased land for $1,290,000,000, paying $516,000,000

Wish, Inc. had the following transactions in July 2035:

  • Issued 2,980,000 shares of common stock for $2,980 per share.
  • Purchased land for $1,290,000,000, paying $516,000,000 in cash and signing a note for the balance.
  • Declared and paid dividends of $135,000,000.

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

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