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On July 1, Jones Corporation had the following capital structure: Common Stock, par $1; 8, 000, 000 authorized shares, 105,000 issued and outstanding Additional
On July 1, Jones Corporation had the following capital structure: Common Stock, par $1; 8, 000, 000 authorized shares, 105,000 issued and outstanding Additional Paid-in Capital Retained Earnings Treasury Stock Required: $ 105,000 91,000 171,000 None 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.. Items Case 1 Case 2 After 100% Before Stock Transactions Stock Dividend After Stock Split Number of Shares Outstanding Par Per Share $ 1.00 Common Stock Account Additional Paid-in Capital 91,000 Retained Eamings 171,000 Total Stockholders' Equity. $ 262,000 $ 0 $ 0
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