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

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Accounting

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On July 1, Jones Corporation had the following capital structure: Common stock, par $11 8,000,000 authorized shares, 175,000 issued and outstanding Additional Paid-in Capital Retained Earnings Treasury Stock $175,000 105,000 185,000 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 $6 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 Before Stock Items TransactionsDividend 350,000 $ 1.00 $ 350,000 After Stock Split 350,000 $ 0.50 $ 350,000 $ Number of Shares Outstanding Par Per Share Common Stock Account Additional Paid-in Capital Retained Eamings Total Stockholders' Equity 175,000 1.00 175,000 105,000 185,000 465,000 174,500 $ 524,500 $ 350,000

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