Question

Chapter 11 Homework Microsoft 15 On July 1, Jones Corporation had the following capital structure: 0.63 noints Common Stock, par $1; 8,000,000 authorized shares, 100,000 issued and outstanding Additional Paid-in Capital Retained Earnings Treasury Stock $100,000 90,000 170,000 None Required: Complete the following table based on two Independent cases involving stock transactions: (Round "per share answers to 2 decimal places.) Print Case 1. The board of directors declared and losed a 100 percent stock dividend when the stock price was 98 per whare. Case 2: The board of directors voted a 2-for-1 stock split. The stock price.prior to the split was $8 per share. References Case 1 Case 2 Homs Before Stock Transactions After 100% Stock Dividend After Stock Split $ 1.00 Number of Shares Outstanding Par Per Share Common Stock Account Additional Paid-in Capital Retained Earnings Total Stockholders' Equity 90,000 170,000 260,000 $ S O Proy 15 of 15 Next

Answer 1

		Case 1	Case 2
Items	Before Stock Transactions	After 100% Stock Dividend	After Stock Split
Number of Shares outstanding	100000	200000	200000
Par per share	1	1	0.5
Common Stock Account	100000	200000	100000
Additional Paid-in Capital	90000	90000	90000
Retained Earnings	170000	70000	170000
Total Stockholders' Equity	360000	360000	360000