QUESTION 3 - REPORTING EQUITY (15 Marks) Melting Moments Ltd, an ASX listed public company, had the following information in its equity section of the balance sheet on 30 June 2017: Melting Moments Ltd Balance Sheet Extract As at 30 June 2017 Owner's Equity Paid-in Capital: Ordinary Shares, fully paid (1,000,000 shares issued) Retained Earnings Revaluation Surplus Total Owner's Equity 12,000,000 6,000,000 1,500,000 $19,500,000 Melting Moments Ltd decides to issue a further 100,000 ordinary shares at an issue price of $14 per share during the following financial year ending 30th June 2018. 50% payable on application, and 50% on allotment Applications close on the 15 July 2017 and directors will allot the shares on the 21 July 2017, with payment for the allotment due on the 31 July 2017. The issue is fully subscribed and all cash is received when due. On 1 October 2017 Melting Moments Ltd declares a dividend of $1.20 per share, to be paid to shareholders on the 31 October 2017. Required: a) Journalise in the template provided over the page any required transactions for Melting Moments Ltd on the dates (no narrations/descriptions required) (8 marks): 1. 15 July 2017 2. 21 July 2017 3. 31 July 2017 4. 1 October 2017 5. 31 October 2017 b) Prepare the equity section of the balance sheet for Melting Moments Ltd at 31 October 2017 in the template provided. (7 marks)