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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
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. Req A Req B to E Record the transactions in a horizontal statements model. (In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), In financing activity (FA). Not all cells require input.) Event March 1 May 2 S&J IRON CORPORATION Horizontal Statements Model: Balance Sheet Income Statement Assets Liabilities + Stockholders' Equity Revenue Expense Net Income Statement of Cash Flows Common Cash Stock PIC in Excess
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