Newly formed S&J Iron Corporation has shares of $ par common stock authorized. On March Year S&J Iron issued
shares of the stock for $ per share. On May the company issued an additional shares for $ per share. S&J Iron was not
affected by other events during Year
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 Year balance sheet.
c Determine the amount S&J Iron would report for paidin 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 Year balance sheet?
Complete this question by entering your answers in the tabs below.
Record the transactions in a horizontal statements model.
Note: In the Statement of Cash Flows column, indicate whether the item is an operating activity OA investing activity IA or financing activity FA Not all cells require input.
