The statement of cash flows of Frappe, Inc., reported the following (adapted) for the year ended December 31, 2010:Cash flows from financing activities (amounts in millions)Cash dividends paid ……………………………………………………… $(1,918)Issuance of common stock at par value ……………………………. 1,000Proceeds from issuance of long-term notes payable………….. 54Purchases of treasury stock……………………………………………. (3,030)Payments of long-term notes payable………………………………. (163)Requirement1. Make the journal entry that Frappe would use to record each of these transactions.View Solution:
The statement of cash flows of Frappe Inc reported the



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