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Newly formed S&J Iron Corporation has 150,000 shares of $4 par common stock authorized. On March 1, Year 1, S&J Iron issued 10,500 shares of the stock for $9 per share. On May 2, the company issued an additional 25,000 shares for $19 per share. S&J Iron was not affected by other events during Year 1.

a. Record the transactions in a horizontal statements model. (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 in the "Statement of Cash Flows" column may require an input - leave cells blank if there is no corresponding input needed.)
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?

here is the chart for a then b to e

Req A Req B to E 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? Show less b. Common stock c. Paid-in capital in excess of par d. Total paid.in capital e. Total assets Req A Rea 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), inv financing activity (FA). Not all cells in the Statement of Cash Flows column may require an input - leave cells blank if there is no corresponding input needed S&J IRON CORPORATION Horizontal Statements Model Balance Sheet Income Statement Liabilities Stockholders' Equity Revenue Expense Net Income Common PIC in Stock Excess Assets Statement of Cash Flows Event Cash March 1 May 2 #H + + +

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