The statement of cash flows of Smoothie, Inc., reported the following (adapted) for the year ended..

The statement of cash flows of Smoothie, Inc., reported the following (adapted) for the year ended December 31, 2010:Cash flows from financing activities (amounts in millions)Cash dividends paid …………………………………………………. $(1,890)Issuance of common stock at par value……………………….. 1,234Proceeds from issuance of long-term notes payable ……… 58Purchases of treasury stock………………………………………… (3,080)Payments of long-term notes payable………………………….. (162)Requirement1. Make the journal entry that Smoothie would use to record each of these transactions.View Solution:
The statement of cash flows of Smoothie Inc reported the