The statement of cash flows of Spirit, Inc., reported the following for the year ended December 31, 2012:Cash flows from financing activities (amounts in millions)Cash dividends paid ……………………………………………………… $(1,832)Issuance of common stock at par value ……………………………. 1,512Proceeds from issuance of long-term notes payable ……………. 57Purchases of treasury stock ……………………………………………. (3,100)Payments of long-term notes payable ………………………………. (161)Requirement1. Make the journal entry that Spirit would use to record each of these transactions.View Solution:
The statement of cash flows of Spirit Inc reported the



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