On July 1, Jones Corporation had the following capital structure: table[[Common Stock, par $1;8,000,000 authorized shares, 100,000 issued and,100,000],[outstanding,90,000],[Additional Paid-in Capital,170,000],[Retained Earnings,None]] Required: Complete the following table based on two independent cases involving stock transactions: Note: Round "p

Question

On July 1, Jones Corporation had the following capital structure: \table[[Common Stock, par

$1;8,000,000

authorized shares, 100,000 issued and,100,000],[outstanding,90,000],[Additional Paid-in Capital,170,000],[Retained Earnings,None]] Required: Complete the following table based on two independent cases involving stock transactions: Note: Round "per share" answers to 2 decimal places. Case 1: The board of directors declared and issued a 100 percent stock dividend when the stock price was

$8

per share. Case 2: The board of directors voted a

2-for-1

stock split. The stock price prior to the split was

$8

per share. \table[[,,Case 1,Case 2],[Items,\table[[Before Stock],[Transactions]],\table[[After 100%],[Stock],[Dividend]],\table[[After Stock],[Split]]],[Number of Shares Outstanding,,,],[Par Per Share,

$

,1.00,],[Common Stock Account,,,],[Additional Paid-in Capital,90,000,,],[Retained Earnings,170,000,,],[Total Stockholders' Equity,,,]]

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