hiI have a problem with this kind of share issue problem. This is the question from the website. Here's the link:https://www.chegg.com/homework-help/questions-and-answers/equity-section-balance-sheet-company-30-june-20x1-provided-owners-equity-issued-capital-ge-q49981794

I know it's a huge task. But please could someone can help me. I will really appreciate it!

First Name Patsy Ricky Irving DRP Y Y Y Y Y Y Y Y Rita William Y Lois Gladys Priscilla Wilson Y Family name/Corporate name Oliver Rivera Lindsey Wagner Pty Ltd Nelson Fowler Hoffman Superannuation Fund Graves Bradley Carpenter Gibson Reyes International Ltd McCoy Palmer Bush King Enterprises Pty Ltd Watson Watts Hernandez Simmons Mack Investments Ltd Parks Peterson Floyd Elliott Parsons Houston Investment Trust Chambers Marta Wilma Lila Y Y Y Y Y Y Y Y Y Y Y 1/7/20x1 150,000 189,000 75,000 238,000 78,000 126,000 545,000 55,000 100,000 121,000 249,000 179,000 126,000 75,000 80,000 1,430,000 126,000 390,000 27,000 135,000 980,000 225,000 143,000 72,000 111,000 12,000 1,000,000 123,000 Patty Kristina Angel Jenna Johnny Tanya Angie Rebecca Maryann Shannon Clatchar loff 100 na Y Wilma Lila Y Y Y Patty Kristina Angel Jenna Y Y Y Y Johnny Tanya Angie Rebecca Maryann Palmer Bush King Enterprises Pty Ltd Watson Watts Hernandez Simmons Mack Investments Ltd Parks Peterson Floyd Elliott Parsons Houston Investment Trust Chambers Fletcher Wright Daniels Boyd Baker Ltd Alvarez Curtis Martin Trading Ltd Stewart Quinn Diaz Osborne Tran Superannuation Trust 75,000 80,000 1,430,000 126,000 390,000 27,000 135,000 980,000 225,000 143,000 72,000 111,000 12,000 1,000,000 123,000 109,000 74,000 57,000 83,000 111,000 66,000 133,000 96,000 18,000 161,000 54,000 166,000 212,000 Shannon Jeff Tim Bennie Suzanne Genevieve Orlando Antonia Guy Orville Jan Shareholders who elected to participate in the dividend reinvestment plan introduced by SQML receive ordinary shares in lieu of cash for dividends. Shareholders must agree that their entire holding is subject to the DRP plan. Shares are issued at 94% of the closing ASX share price on the day in which the dividend is declared. It is likely that a resulting calculation of the number of shares under the DRP plan will result in a part share (ie not a whole number). In that event the number of shares will be rounded down to the next whole number. For example, a calculation which results in 12,345.78 shares will be rounded down to 12,345. That is, that part of the share is lost. Whenever the rounding occurs that rounded down number will be used as the basis for future transactions and calculations. Other rounding conditions are: The principle of rounding down the number of shares (as in the DRP above) applies to any share issue Calculations which involve share prices, should be rounded to the nearest cent Journal entries should be rounded to the nearest whole dollar The following are matters which occurred from Status Quo Music Ltd (SQML) during 20X1/X2. 1. On the 12th June 20x1 the company determined a final dividend of 7.0 cents per ordinary share. This was declared on the 22nd July 20X1 and paid four (4) days after the annual general meeting which was held on the 18th September 20X1. 2. At the Board of Directors meeting on the 21st October 20x1 they made a decision to offer ordinary shareholders a 1:12 rights issue. Shareholders who accept the offer pay 90% of the share price on the day of the Board decision. Acceptance and payment by shareholders needs to be made on the 18th December 20X1. The following shareholders took up the offer and paid the appropriate amounts on the required date: The following are a selection of ASX closing daily share prices for SQML Date Closing Share Price $ Date Closing Share Price $ 12/6/X1 $22.45 14/1/X2 $26.20 30/6/X1 $23.23 31/1/X2 $26.27 22/7/X1 $25.67 10/2/X2 $30.98 31/7/X1 $25.54 22/2/X2 $31.21 15/8/X1 $25.22 2/3/X2 $30.52 31/8/X1 $25.01 16/3/X2 $30.15 18/9/X1 $24.98 30/3/X2 $30.41 22/9/X1 $24.16 12/4/X2 $31.18 30/9/X1 $24.85 29/4/X2 $30.98 21/10/X1 $24.82 12/5/X2 $32.03 31/10/X1 $24.89 31/5/X2 $32.07 20/11/X1 $25.15 8/6/X2 $32.29 4/12/X1 $25.56 18/6/X2 $31.56 18/12/X1 $25.99 30/6/X2 $31.92 First Name Ricky Irving Rita Lois Wilson Lila Family name/Corporate name Rivera Lindsey Nelson Graves Gibson Reyes International Ltd Bush King Enterprises Pty Ltd Watson Hernandez Parks Floyd Elliott Parsons Fletcher Daniels Baker Ltd Curtis Quinn Osborne Patty Angel Johnny Angie Rebecca Maryann Jeff Bennie Orlando Guy Jan 3. On the 2nd March 20X2 SQML declared and paid an interim dividend of 5 cents per ordinary share. 4. On the 12th May 20X2 SQML announced a bonus ordinary share issue of 1:10 at an issue price of $20.00/share. The bonus issue is to be paid out of the General Reserve and was made on the 31st May 20X2. 5. On the 18th June 20x2 the company determined a final dividend of 8.0 cents per ordinary share. It is planned that this will be declared on the 22nd July 20x2 and paid four (4) days after the annual general meeting which is scheduled for the 12th September 20x2. REQUIREMENTS FOR ASSIGNMENT 1. You are presented with equity information together with five separate events for Status Quo Music Ltd (SQML) that give rise to transaction/s. Prepare all the general journal entries that arise for the period 1st July 20x1 to 30th June 20x2 only. You also need to provide supporting information (ie a working paper) for each journal entry. Furthermore after each of the five events provide the following: The number of ordinary shares on issue subject to the dividend reinvestment plan. The number of ordinary shares on issue which are not subject to the dividend reinvestment plan. The total number of ordinary shares on issue. 2. 85 marks Prepare general ledger T account for Ordinary Share Capital for the period 1/7/20x1 to 1/7/20X2. Ensure it is properly balanced at 30/6/20X2. 15 marks First Name Patsy Ricky Irving DRP Y Y Y Y Y Y Y Y Rita William Y Lois Gladys Priscilla Wilson Y Family name/Corporate name Oliver Rivera Lindsey Wagner Pty Ltd Nelson Fowler Hoffman Superannuation Fund Graves Bradley Carpenter Gibson Reyes International Ltd McCoy Palmer Bush King Enterprises Pty Ltd Watson Watts Hernandez Simmons Mack Investments Ltd Parks Peterson Floyd Elliott Parsons Houston Investment Trust Chambers Marta Wilma Lila Y Y Y Y Y Y Y Y Y Y Y 1/7/20x1 150,000 189,000 75,000 238,000 78,000 126,000 545,000 55,000 100,000 121,000 249,000 179,000 126,000 75,000 80,000 1,430,000 126,000 390,000 27,000 135,000 980,000 225,000 143,000 72,000 111,000 12,000 1,000,000 123,000 Patty Kristina Angel Jenna Johnny Tanya Angie Rebecca Maryann Shannon Clatchar loff 100 na Y Wilma Lila Y Y Y Patty Kristina Angel Jenna Y Y Y Y Johnny Tanya Angie Rebecca Maryann Palmer Bush King Enterprises Pty Ltd Watson Watts Hernandez Simmons Mack Investments Ltd Parks Peterson Floyd Elliott Parsons Houston Investment Trust Chambers Fletcher Wright Daniels Boyd Baker Ltd Alvarez Curtis Martin Trading Ltd Stewart Quinn Diaz Osborne Tran Superannuation Trust 75,000 80,000 1,430,000 126,000 390,000 27,000 135,000 980,000 225,000 143,000 72,000 111,000 12,000 1,000,000 123,000 109,000 74,000 57,000 83,000 111,000 66,000 133,000 96,000 18,000 161,000 54,000 166,000 212,000 Shannon Jeff Tim Bennie Suzanne Genevieve Orlando Antonia Guy Orville Jan Shareholders who elected to participate in the dividend reinvestment plan introduced by SQML receive ordinary shares in lieu of cash for dividends. Shareholders must agree that their entire holding is subject to the DRP plan. Shares are issued at 94% of the closing ASX share price on the day in which the dividend is declared. It is likely that a resulting calculation of the number of shares under the DRP plan will result in a part share (ie not a whole number). In that event the number of shares will be rounded down to the next whole number. For example, a calculation which results in 12,345.78 shares will be rounded down to 12,345. That is, that part of the share is lost. Whenever the rounding occurs that rounded down number will be used as the basis for future transactions and calculations. Other rounding conditions are: The principle of rounding down the number of shares (as in the DRP above) applies to any share issue Calculations which involve share prices, should be rounded to the nearest cent Journal entries should be rounded to the nearest whole dollar The following are matters which occurred from Status Quo Music Ltd (SQML) during 20X1/X2. 1. On the 12th June 20x1 the company determined a final dividend of 7.0 cents per ordinary share. This was declared on the 22nd July 20X1 and paid four (4) days after the annual general meeting which was held on the 18th September 20X1. 2. At the Board of Directors meeting on the 21st October 20x1 they made a decision to offer ordinary shareholders a 1:12 rights issue. Shareholders who accept the offer pay 90% of the share price on the day of the Board decision. Acceptance and payment by shareholders needs to be made on the 18th December 20X1. The following shareholders took up the offer and paid the appropriate amounts on the required date: The following are a selection of ASX closing daily share prices for SQML Date Closing Share Price $ Date Closing Share Price $ 12/6/X1 $22.45 14/1/X2 $26.20 30/6/X1 $23.23 31/1/X2 $26.27 22/7/X1 $25.67 10/2/X2 $30.98 31/7/X1 $25.54 22/2/X2 $31.21 15/8/X1 $25.22 2/3/X2 $30.52 31/8/X1 $25.01 16/3/X2 $30.15 18/9/X1 $24.98 30/3/X2 $30.41 22/9/X1 $24.16 12/4/X2 $31.18 30/9/X1 $24.85 29/4/X2 $30.98 21/10/X1 $24.82 12/5/X2 $32.03 31/10/X1 $24.89 31/5/X2 $32.07 20/11/X1 $25.15 8/6/X2 $32.29 4/12/X1 $25.56 18/6/X2 $31.56 18/12/X1 $25.99 30/6/X2 $31.92 First Name Ricky Irving Rita Lois Wilson Lila Family name/Corporate name Rivera Lindsey Nelson Graves Gibson Reyes International Ltd Bush King Enterprises Pty Ltd Watson Hernandez Parks Floyd Elliott Parsons Fletcher Daniels Baker Ltd Curtis Quinn Osborne Patty Angel Johnny Angie Rebecca Maryann Jeff Bennie Orlando Guy Jan 3. On the 2nd March 20X2 SQML declared and paid an interim dividend of 5 cents per ordinary share. 4. On the 12th May 20X2 SQML announced a bonus ordinary share issue of 1:10 at an issue price of $20.00/share. The bonus issue is to be paid out of the General Reserve and was made on the 31st May 20X2. 5. On the 18th June 20x2 the company determined a final dividend of 8.0 cents per ordinary share. It is planned that this will be declared on the 22nd July 20x2 and paid four (4) days after the annual general meeting which is scheduled for the 12th September 20x2. REQUIREMENTS FOR ASSIGNMENT 1. You are presented with equity information together with five separate events for Status Quo Music Ltd (SQML) that give rise to transaction/s. Prepare all the general journal entries that arise for the period 1st July 20x1 to 30th June 20x2 only. You also need to provide supporting information (ie a working paper) for each journal entry. Furthermore after each of the five events provide the following: The number of ordinary shares on issue subject to the dividend reinvestment plan. The number of ordinary shares on issue which are not subject to the dividend reinvestment plan. The total number of ordinary shares on issue. 2. 85 marks Prepare general ledger T account for Ordinary Share Capital for the period 1/7/20x1 to 1/7/20X2. Ensure it is properly balanced at 30/6/20X2. 15 marks