On July 1, Jones Corporation had the following capital structure: Common Stock, par $1; 8,000,000 authorized shares, 165,000 issued and outstanding Additional Paid-in Capital Retained Earnings $165,000 103,000 183,000 Treasury Stock None Required: Complete the following table based on two independent cases involving stock transactions: (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 $7 per share Case 2: The board of directors voted a 2-for-1 stock split. The stock price prior to the split was $7 per share. Case 1 Case 2 After 100% After Stock Before Stock Items Stock Transactions Split Dividend Number of Shares Outstanding Par Per Share 1.00 Common Stock Account Additional Paid-in Capital Retained Earnings Total Stockholders' Equity 103,000 183,000 286,000 $ 0 Bogscraft Company has outstanding 70,000 shares of $10 par value common stock and 27,000 shares of $20 par value preferred stock (8 percent). On February 1, the board of directors voted in favor of an 8 percent cash dividend on the preferred stock. The cash dividends were paid on March 15. The company closed its books at its fiscal year-end, June 30. Required: Prepare journal entries to record the events on (a) February 1, (b) March 15, and (c) June 30. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list X > Record the declaration of a cash dividend of 8 percent to 1 the 27,000 shares of $20 par value preferred stock outstanding. hares of Record the payment of the cash dividend to the preferred 2 shareholders. Record the entry to close the dividends account. 3