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On July 1, Jones Corporation had the following capital structure: Common Stock, par $1; 8,000,000 authorized shares, 125,000 issued and outstanding Additional Paid-in Capital Retained
On July 1, Jones Corporation had the following capital structure: Common Stock, par $1; 8,000,000 authorized shares, 125,000 issued and outstanding Additional Paid-in Capital Retained Earnings Treasury Stock $125,eee 95,888 175,000 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 36 per share. Case 2: The board of directors voted a 2-for-1 stock split. The stock price prior to the split was $6 per share. Case 2 Case 1 After 100% Stock Dividend Before Stock Transactions Items After Stock Split $ 1.00 Number of Shares Outstanding Par Per Share Common Stock Account Additional Paid-in Capital Retained Earnings Total Stockholders' Equity 95,000 175,000 Sikes Corporation, whose annual accounting period ends on December 31, issued the following bonds: Date of bonds: January 1, 2018 Maturity amount and date: $130, we due in 10 years (December 31, 2027) Interest: 10 percent per year payable each December 31 Date issued: January 1, 2018 Required: 1. For each of the three independent cases that follow, provide the amounts to be reported on the January 1, 2018, financial statements immediately after the bonds are issued. TIP: See Exhibit 105 for an illustration distinguishing Bonds Payable from their carrying value. (Deductions should be indicated by a minus sign.) Case B Case A (At 100) Case C (At 103) (At 95) January 1, 2018-Financial statements: a. Bonds payable b. Unamortized premium (or discount) c. Carrying value
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