Working note:
b. Common stock | 122,000 |
c. Paid in capital in excess of par | 430,500 |
d. Total paid in capital | 552,500 |
e. Total assets | 552,500 |
1. Newly formed S&J Iron Corporation has 169,000 shares of $4 par common stock authorized. On...
Newly formed S&J Iron Corporation has 52,000 shares of $4
par common stock authorized. On March 1, 2018, S&J Iron issued
11,500 shares of the stock for $11 per share. On May 2, the company
issued an additional 16,500 shares for $22 per share. S&J Iron
was not affected by other events during 2018. Required: 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),...
Newly formed S&J Iron Corporation has 63,000 shares of $5 par common stock authorized. On March 1, 2018, S&J Iron issued 9,500 shares of the stock for $11 per share. On May 2, the company issued an additional 20,000 shares for $20 per share. S&J Iron was not affected by other events during 2018. Required: a. Record the transactions in a horizontal statements model. In the Cash Flow column, indi cate whether the item is an operating activity (OA), investing...
Newly formed S&J Iron Corporation has 85,000 shares of $5 par common stock authorized. On March 1, 2018, S&J Iron issued 9,500 shares of the stock for $11 per share. On May 2, the company issued an additional 17,000 shares for $19 per share. S&J Iron was not affected by other events during 2018. 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...
Newly formed S&J Iron Corporation has 196,000 shares of $5 par common stock authorized. On March 1, 2018, S&J Iron issued 9,000 shares of the stock for $13 per share. On May 2, the company issued an additional 19,000 shares for $18 per share. S&J Iron was not affected by other events during 2018. 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...
Newly formed S&J Iron Corporation has 78.000 shares of $5 par common stock authorized. On March 1, 2018, S&J Iron issued 10.500 shares of the stock for $12 per share. On May 2, the company issued an additional 16,500 shares for $19 per share. S&J Iron was not affected by other events during 2018 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...
Newly formed S&J Iron Corporation has 63,000 shares of $6 par common stock authorized. On March 1, 2018, S8 Iron issued 9,000 shares of the stock for $12 per share. On May 2, the company issued an additional 17,500 shares for $19 per share. S&J Iron was not affected by other events during 2018 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...
Newly formed S&J Iron Corporation has 137,000 shares of $5 par common stock authorized. On March 1, 2018, S&J Iron issued 8,500 shares of the stock for $12 per share. On May 2, the company issued an additional 18,000 shares for $20 per share. S&J Iron was not affected by other events during 2018. Required: 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),...
Newly formed S&J Iron Corporation has 176,000 shares of $5 par common stock authorized. On March 1, 2018, S&J Iron issued 8,000 shares of the stock for $10 per share. On May 2, the company issued an additional 19,000 shares for $20 per share. S&J Iron was not affected by other events during 2018. Required: 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),...
please help!!
Newly formed S&J Iron Corporation has 97,000 shares of $4 par common stock authortzedOn March 2018, S&J Iron issued 8.500 shares of the stock for $11 per share. On May 2, the company issued an additional 16,000 shares for $20 per share. S&J Iron was not affected by other events during 2018 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...
Newly formed S&J Iron Corporation has 183,000 shares of $3 par common stock authorized. On March 1, Year 1, S&J Iron issued 9,000 shares of the stock for $11 per share. On May 2, the company issued an additional 18,000 shares for $19 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...