Alejandro L. answered 10/17/16
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First write down what the problem is telling you:
Reactants are Fe2+, H+, O2
Products are Fe3+ and H2O
Now determine the number of electrons lost from the oxidation half reaction:
Fe2+ --> Fe3+ + e-
you lose one electron in this oxidation. Now determine the number of electrons gain by the reduction half reaction:
O2 + 4 H+ + 4 e- --> 2 H2O
Since O2 has a formal charge of zero on each oxygen and H2O has a formal oxidation of -2 that means that for every molecule of O2 reduced to water you acquire four eletrons.
At this point balance the number of electrons by multiplying the oxidation half reaction by 4:
4 Fe2+ --> 4 Fe3+ + 4 e-
finally add both equations together:
4 Fe2+(aq) + 4 H+(aq) + O2(aq) -->4 Fe3+(aq) + 2 H2O(l)
I hope that helped clear up your confusion.