Newly formed S J Iron Corporation has 106,000 shares of $3 par common stock authorized On March 1, Year 1, S J Iron issued 9,500 shares of the stock for $12 per share On May 2, the company issued an additional 24,000 shares for $18 per share S 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 (OA), 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 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 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 (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 ) S J IRON CORPORATION Horizontal Statements Model Balance Sheet Income Statement Event Assets Liabilities Stockholders Equity Revenue Expense Net Income Statement of Cash Flows Cash Common Stock PIC in Excess March 1 May 2 Complete this question by entering your answers in the tabs below Req B to E 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 Show less b Common stock c Paid in capital in excess of par d Total paid in capital e Total assets

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Newly formed S&J Iron Corporation has 106,000 shares of $3 par common stock authorized. On March 1, Year 1, S&J Iron issued 9,500 shares of

Newly formed S&J Iron Corporation has 106,000 shares of $3 par common stock authorized. On March 1, Year 1, S&J Iron issued 9,500 shares of the stock for $12 per share. On May 2, the company issued an additional 24,000 shares for $18 per share. S&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 (OA), 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 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

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 (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.)

S&J IRON CORPORATION

Horizontal Statements Model

Balance Sheet

Income Statement

Event

Assets

Liabilities

Stockholders Equity

Revenue

Expense

Net Income

Statement of Cash Flows

Cash

Common Stock

PIC in Excess

March 1

May 2

Complete this question by entering your answers in the tabs below.

Req B to E

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?

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