Please help due tonight Newly formed S J Iron Corporation has 58,000 shares of $5 par common stock authorized On March 1, Year 1, S J Iron issued 10,000 shares of the stock for $10 per share On May 2, the company issued an additional 24,500 shares for $19 per share S J Iron was not affected by other events during Year 1 Required Use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and statement of cash flows More specifically, record the amounts of the events into the model Also, in the Statement of Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA) Determine the amount S J Iron would report for common stock on the December 31, Year 1, balance sheet Determine the amount S J Iron would report for paid in capital in excess of par What is the total amount of capital contributed by the owners What amount of total assets would S J Iron report on the December 31, Year 1, balance sheet Use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and statement of cash flows More specifically, record the amounts of the events into the model Also, in the Statement of Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA), or financin activities (FA) 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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Please help due tonight Newly formed S&J Iron Corporation has 58,000 shares of $5 par common stock authorized. On March 1, Year 1, S&J Iron

Please help due tonight

Newly formed S&J Iron Corporation has 58,000 shares of $5 par common stock authorized. On March 1, Year 1, S&J Iron issued 10,000 shares of the stock for $10 per share. On May 2, the company issued an additional 24,500 shares for $19 per share. S&J Iron was not affected by other events during Year 1.

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Use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and statement of cash flows. More specifically, record the amounts of the events into the model. Also, in the Statement of Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA).
Determine the amount S&J Iron would report for common stock on the December 31, Year 1, balance sheet.
Determine the amount S&J Iron would report for paid-in capital in excess of par.
What is the total amount of capital contributed by the owners?
What amount of total assets would S&J Iron report on the December 31, Year 1, balance sheet?

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Use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and statement of cash flows. More specifically, record the amounts of the events into the model. Also, in the Statement of Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA), or financin! activities (FA). 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