mber of years ago and has been very successful The equity section of the balance sheet of the company at the 30" June 20*3 is provided below SUMMERS' EQUITY Retained 12,245,000 TOTAL OWNERS' EQUITY company's financial year ends on 30 june 1. Issued capital is comprised of: . 3,125,000 ordinary shares all . $17,500,000 of 2.5spa preference shares. Dividends on these shares are Former stif thanthey on the fir . General Reserve of $7,630,000 . Asset Revaluation Reserve of $4,615,00 list of ordinary shareholders and their holdings as at 30% june 20*3 is provided on the . DRP = Y' elected to be in the dividend reinvestment plan mounts under 1/7/20%3 = number of shares held at that date Ensure that you have fully read and understood the under the Basic Details for the assignment.) previously provided amily name/Corporate Bal Superannuaten Fund Ballard ro Investment Pty Lid Gonzalez International Led Hale & Doug Pty hol Jensen Orie New Ossie Trading Lid ter Practice Investments Led Ernestine Salazar To Lephens Superannuaten Fund Alexandra Thompson Underwood Pty Lid number of shares under the DRP plan wil result in a part share lie no the number of shares will be rounded down to mber. For example, a calculation which results in 12,3 wn to 12,345. That is, that part of the share is los rounded down number wil become the new share 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. Also note that care needs to be taken with some calculations. When calculating dollar amounts for dividends etc you need to do these on individual shareholders and then aggregate those numbers for the journal entry. lima involve share prices, should be rounded to the nearest cent journal entries should be rounds rest whole dollar. he folowing are five Asrufacturing Lid (FML). the 2013/X4 financial year for Fairweather On the 22* June 20*3 the company determined a final dividend of 4.0 cents per ordinary share. This was declared on the 14" July 20%(3 and paid three (3) days after the annual general meeting which was held on the 28" September 203. 2. On the 12" November 2013 FML announced a bonus ordinary share issue of 1:15 at an issue price of $12.00/share. The bonus issue is to be paid out of the General Reserve and was made on the 30" November 203. On the 2'd January 20X4 F ordinary share. end of 2.5 cents per The FML Board of Directors had been working on the acquisition of a rival business and on the for january cute received david dinary shares. They formalised the rights issue at their meeting on the 28" January 20*4 where they decided to offer ordinary shareholders the rights issue on a 1:12 basis. Shareholders who accept the offer pay 85%% of the share price paid the appropriate amounts on the required dates Family name/Corporate name First Name Ball Superand castro Investment Pty Lod Jean Crawford och Enterprise Led Alfonso ale & Doug Pty Itd Ossie Trading Lid Minnie Potter Practice investments Lid Ernestine Salazar Trust Lana Silva Stephens Superannuaten Fund Alexandra Underwood Pty Lid Wille The 20x3/X4 financial year was exceptional for FML and it decided to provide a twofold benera. First, is a borus share issue on a 1:25 basis issued at $12.50 per share and funded from excess amounts in the Asset Revaluation Reserve. Second, is that the meeting determined a final dividend of 5.0 cents per ordinary share which is hoped to be declared sometime in July 20x4. e following are a selection of ASX closing daily share prices for FML Date Closing Share Date Closing Share $12.46 14/1263 $12.14 $12.39 28/ 1/X4 $12.26 12/2/x4 $1245 91251 31873 312.51 $12.60 $12.63 512.62 312.59 512.58 $12.52 312.51 $12.56 2116 512.30 $12.35 $12.86 $1259 REQUIREMENTS FOR ASSIGNMENT Fairweather Manufacturing Led (FML) that give rise to transaction general journal entries that arise for the period 1% July 20x3 to 30" june 20 You also need to provide supporting information (le 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 The number of ordinary shares on issue which are not subject to the dividend reinvestment plan. The total number of ordinary shares on Issue