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Newly formed S&J Iron Corporation has 155,000 shares of $7 par common stock authorized. On March 1, Year 1, S&J Iron issued 11,000 shares of

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Newly formed S\&J Iron Corporation has 155,000 shares of $7 par common stock authorized. On March 1, Year 1, S\&J Iron issued 11,000 shares of the stock for $11 per share. On May 2, the company issued an additional 17,000 shares for $21 per share. S\&J Iron was not affected by other events during Year 1. Required a. Record the transactions in a horizontal statements model. 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. Record the transactions in a horizontal statements model. Record the traosactions in a horizontal statements model. Notei In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activit Newly formed S\&J Iron Corporation has 155,000 shares of $7 par common stock authorized. On March 1, Year 1, S\&J Iron issued 11,000 shares of the stock for $11 per share. On May 2, the company issued an additional 17,000 shares for $21 per share. S\&J Iron was not affected by other events during Year 1. Required a. Record the transactions in a horizontal statements model. b. Determine the amount S\&JJ 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. b. Determine the amount S\&I Iron would report for common stock on the December 31, Year 1, balance sheet. c. Determine the amount 58J iron would report for paid-in capital in excess of par. d. What is the total amount of capital contributed by the owners? d. What is the total a total assets would S8u fron report on the December 31, Year 1, batance sheet? Show less A

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