shares of the stock for $$11$ per share. On May $2,$ the company issued an additional $16,000$ shares for $$21$ per share. S&J Iron was not affected by other events during Year $1.$

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.

ReqA

Req $B$ to $E$

b$.$ Determine the amount $5$& 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 $58J$ Iron report on the December $31,$ Year $1,$ balance sheet?

Show less A

b$.$ Common stock

c$.$ Paid$-$in capital in excess of par

d$.$ Total paid$-$in capital

e$.$ Total assets