Newly formed S&J Iron Corporation has 63,000 shares of $7 par common stock authorized. On March 1, Year 1, S&J Iron issued 9,000 shares of the stock for $12 per share. On May 2, the company issued an additional 20,500 shares for $21 per share. S&J Iron was not affected by other events during Year 1.

S&J IRON CORPORATION

Horizontal Financial Statements Model

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