Answer the following
Refe rences was not anected by other events durlng Year 1. Required 3. Record the transactions in a horizontal statements model. (In the Statement of Cash Flows column, indicate whether the item is an operating activity (0A), investing activity (IA), or financing activity (FA). Not all cells in the "Statement of Cash Flows" column may require an input - leave cells blank if there is no corresponding input needed.) b. Determine the amount S&J Iron would report for common stock on the December 31, Year 1, balance sheet. c. Determine the amount 5&J Iron would report for paid-in capital in excess of par. d. What is the total amount of capital contributed by the owners? e. What amount oftotal assets would S&J Iron report on the December 31, Year 1, balance sheet? Complete this question by entering your answers in the tabs below. Req A Req B to E b. Determine the amount 5&1 Iron would report for common stock on the December 31, Year 1, balance sheet. c. Determine the amount 5&1 Iron would report for paid-in capital in excess of par. d. What is the total amount of capital contributed by the owners? e. What amount of total assets would 5&1 Iron report on the December 31, Year 1, balance sheet? Common stock Paid-in capital in excess of par Total paid-in capital 939-5"? Total assets Show less A Refe rences Newly formed S&J Iron Corporation has 144,000 shares of $4 par common stock authorized. On March 1, Year 1, 5&J Iron issued 10,000 shares ofthe stock for $11 per share. On May 2, the company issued an additional 19,500 shares for $19 per share. $&J Iron was not affected by other events during Year 1. Required a. Record the transactions in a horizontal statements model. (In the Statement of Cash Flows column, indicate whether the item is an operating activity (0A), investing activity (IA), or nancing activity (FA). Not all cells in the "Statement of Cash Flows" column may require an input - leave cells blank if there is no corresponding input needed.) b. Determine the amount 5&J Iron would report for common stock on the December 31, Year 1, balance sheet. c. Determine the amount S&J Iron would report for paid-in capital in excess of par. d. What is the total amount of capital contributed by the owners? e. What amount of total assets would S&J Iron report on the December 31, Year 1, balance sheet? Complete this question by entering your answers in the tabs below. Req A Req B to E Record the transactions In a horizontal statements model. (In the Statement of Cash Flows column, Indicate whether the Item Is an operating activity (0A), lnv financing activity (FA). Not all cells in the "Statement of Cash Flows" column may require an input - leave cells blank if there is no corresponding input needed. _H-II---I-H--- -H-II---I-H--- RquloE >
