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please help Newly formed 58. Iron Corporation has 200,000 shares of $5 par common stock authorized. On March 1 Year 1, S&J ton issued 11,000
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Newly formed 58. Iron Corporation has 200,000 shares of $5 par common stock authorized. On March 1 Year 1, S&J ton issued 11,000 shares of the stock for $13 per share. On May 2, the company issued an additional 20.500 shares for $19 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 Cash Flow column, indicate whether the item is an operating activity (OA). Investing activity (1), 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, Year 1, balance sheet c. Determine the amount S&J tron would report for pald-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 stron report on the December 31. You 1. balance sheet? Complete this question by entering your answers in the tabs below. RA Red B to E Record the transactions in a hortzontal statements madel. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (Alor activity (FA), If an element was not affected by the event, leave the cell bank Net Income Cash Flow SIRON CORPORATION Horizontal Statement Model Balance Sheet Income Statement Liabetes Stockholders' Equity Revenue Expense Common Pic in Stock Excess Assets Cash Event March 1 Next > Step by Step Solution
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