On July 1, Jones Corporation had the following capital structure: Common Stock, par $ 1; 8,000,000 authorized

Question:

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

On July 1, Jones Corporation had the following capital structure:Common

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...