Question: please help Q.12 Problem: Module 3 Textbook Problem 12 Leorning Objectives: - 3-10 Identify the characteristics of capital stock - 3-12 Show how issuing different

Problem: Module 3 Textbook Problem 12 Leorning Objectives: - 3-10 Identify the characteristics of capital stock - 3-12 Show how issuing different closses of stock affects financial statements Newly formed S8J fion Corporation has 136,000 shares of $4 par common stock authorized On March 1, Year 1, S\&.J tron issued 8,500 shares of the stock for $10 per share. On May 2, the company issued an additional 22.500 shares for $22 per share. $8. I Iron was not affected by other events during Year 1 . Required Q. Record the transactions in a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA). investing activity (A), or financing activity (FA) If an element was not affected by the event, leave the cell blank b. Determine the amount S\&J J tron 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 585 Iron report on the December 31 , Year 1, balance sheet? Complete this question by entering your answers in the tabs below. Record the transactions in a horizontal statements model, In the Cash Flow column, indicate whether the item is an operating activity (OA), investi activity (FA). If an element was not affected by the event, leave the cell blank. Newly formed S\&J Iron Corporation has 136,000 shares of \$4 par common stock authorized, On March 1, Year 1, S & J Iron issued 8,500 shares of the stock for $10 per share. On May 2, the company issued an additional 22,500 shares for $22 per share. \( \$ \& \)amp; J I Iron was not atfected by other events during Year 1. Required a. Record the transactions in a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). If an element was not affected by the event, leave the cell blank. 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. b. Determine the amount SAJ Iron would report for common stock on the December 31, Year 1, balance sheet. c. Determine the amount SBJ tron 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 $8J Iron report on the December 31 , Year 1, balance sheet
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