Can I know application andallotment and dividend declaredare asset account or liabilities account? Besides, can u tell me how to do the ledger account of retained earning .Thank u!

Question 5: Equity (17 marks) Topaz Ltd had the following equity accounts at 1 July 2016 Share capital, 300,000 fully paid shares S300,000 Revaluation surplus Retained earnings 60,000 150,000 The following transactions occurred during the year ended 30 June 2017 Final dividend for the year ended 30 June 2016 of 5 cents a share was declared. Aug 16 Final cash dividend was paid. 12%. The shares were to be issued at $1 per share of each share was $1 Oct Jan 17 Topaz Ltd declared an interim share dividend of Feb 15 Shares were issued as dividends. The assigned value Mar Released a prospectus inviting applications for 100,000 ordinary shares of S1 each, payable in full on application. Mar 10 Mar 15 Jun 30 Received applications for 100,000 shares. Allotted 100,000 shares to applicants. Profit for the year ended 30 June 2017 was $180,000 (before closing entries) Jun 30 At year-end, the directors declared a final dividend of 5 cents per share and transferred S12,000 from retained earnings to general reserve. Required . Record all of these share transactions for Topaz Ltd in the general journal. Include closing entries. Narrations not required. 2. Prepare the equity section of Topaz Ltd's Statement of financial position as at 30 June 2017