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Newly formed S&J lion Corporation has 145.000 shares of $6 par common stock authorized on March 1, Year 1, S&J Iron issued 10.000 shares of
Newly formed S&J lion Corporation has 145.000 shares of $6 par common stock authorized on March 1, Year 1, S&J Iron issued 10.000 shares of the stock for $9 per share on May 2, the company issued an addition 25.000 shares for $22 per share. S&J Iron was not affected by other events during Year 1 Required a. Record the transactions in a honrontal statements model in the Cash Flow column indicate whether the item is an operating activity (OA) Investing activity (IA), or financing activity (FA). If an element was not affected by the event, leave the cell blank, b. Determine the amount S&J iron would report for common stock on the December 31 Yeart balance sheet c. Determine the amount S&J Iron would report for paid in capital in excess of pat. 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? 230 Complete this question by entering your answers in the tabs below. Reg Reg tot Record the transactions in a horizontal statements model in the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (TA), ore activity (FA) If an element was not affected by the event, leave the cell blank 38J IRON CORPORATION Horizontal Statement Model
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