On July 1 Jones Copotation had the following capital stiuctu

On July 1, Jones Copotation had the following capital stiucture: Common Stock, par $1: 0,000,000 authorized shares, 180,000 issued and $160,000 102,000 182,000 None outtanding Additional Paid-in Capital Retained Earnings Treasury Stock Required: Complete the following table based on two independent oases involving stock transactions: Round .Per share\" answers to 2 deci mal places.] Case 1: The board of directors declared and issued a 100 percent stock dividend when the stock price ?as 7 pershare Case 2: The board of directors voted a 2-fot-1 stock split. The stock price prior to the split reas ?7 ??? share. After 100% Before Stock Stock After Stoolk tems actions Dividend Split Number of Shares Outtanding Par Per Shae Common Stock Account Additional Paid-in Capital Retained Earnings Total Stockholdes Equity 102.000 182,000 $ 284,000

Solution

Before stock transactions After 100% stock dividend After stock split Number of shares outstanding 160000 320000 320000 Par per share 1 1 0.5 Common Stock account 160000 320000 160000 Additional paid in capital 102000 102000 102000 Retained earnings 182000 22000 182000 Total stockholders\' equity 444000 444000 444000