Question: CAN YOU PLEASE HELP ME SOLVE THIS PROBLEM AND CAN YOU SHOW THIS VERY CLEARLY Newly formed S&J Iron Corporation has 67,000 shares of $4
CAN YOU PLEASE HELP ME SOLVE THIS PROBLEM AND CAN YOU SHOW THIS VERY CLEARLY


Newly formed S&J Iron Corporation has 67,000 shares of $4 par common stock authorized on March 1 Year 1, S&J Iron issued 8.000 shares of the stock for $12 per share. On May 2, the company issued an additional 17.500 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. (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? Complete this question by entering your answers in the tabs below. Rega Reo 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), investing activity (IA), or Tinancing 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.) SRJ IRON CORPORATION Horizontal Statements Model Balance Sheet Income Statement Liabilities Stockholders' Equity Revenue Expense Common PC in Stock Exc Assets Statement of Cash - Net Income Event May 2 AH Reg toE > Complete this question by entering your answers in the tabs below. Reg A Rea B to E b. Determine the amount SJ 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&Iron report on the December 31. Year 1, balance sheet? Show less Common stock cPaid-in capital in excess of par d Total and in capital Total assets
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