Working note:
Newly formed S&J Iron Corporation has 183,000 shares of $3 par common stock authorized. On March...
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),...
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 $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 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 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 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 tron Corporation has 1000 shares of $5 per common stock authorized on March 1 Yeart S tron issued 9.500 shares of the o p erare On May 2. the company issued an add on 21000 shares for $20 per share iron was not ffected by other events during Year 1 Required 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...
1. Newly formed S&J Iron Corporation has 169,000 shares of $4 par common stock authorized. On March 1, 2018, S&J Iron issued 11,000 shares of the stock for $13 per share. On May 2, the company issued an additional 19,500 shares for $21 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...
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...