Newly formed s tron Corporation has 1000 shares of $5 per common stock authorized on March 1 Yeart S tron issued 9.500 shares of the o p erare On May 2. the company issued an add on 21000 shares for $20 per share iron was not ffected by other events during Year 1 Required Record the transactions in a horizontal statements model in the Statement of Cash Flows column, indicate whether the item is an operating activity (OA). Investing activity Alor financing activity (FAL. 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 on would report for common stock on the December 31 Yeart, balance sheet Determine the amount on 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 56 ron report on the December 31 Yeart balance sheet Complete this question by entering your swers in the tabs below Rega Reto Record the ang actions in a hata model tha t of th e whether th a n operating activity ( O vesting activity (LALO (A). No is the statement of Cash Flowcolumn may require an input leave cells blank if there is no corresponding input needed.) SEJIRON CORPORATION Horizontal Statement Model Rol Newly formed S&J Iron Corporation has 111,000 shares of $5 par common stock authorized. On March 1, Year 1, S& shares of the stock for $12 per share. On May 2, the company issued an additional 21,000 shares for $20 per share 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 wh an operating activity (OA), investing activity (IA), or financing activity (FA). Not all cells in the "Statement of Casi 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 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 Reg B DE b. Determine the amount S&J Iron would report for common stock on the December 31, Year 1, balance sheet. c. Determine the amount S8J 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? Show less b. Common stock C Paid in capital in excess of par d. Total paid-in capital e. Total assets
