1. You are presented with equity information together with a series of events above for MB Ltd that might give rise to transaction/s. In relation to those events prepare all the relevant general journal entries that arise for the period 1st July 20X7 to 30 th June 20X8 only.

You also need to provide supporting information (ie a working paper) for each journal entry. Furthermore, after each of the events provide the following:

• The number of ordinary shares on issue subject to the dividend reinvestment plan.

• The number of ordinary shares on an issue that is not subject to the dividend reinvestment plan.

•  The total number of ordinary shares on issue.

2. Provide a list of ordinary shareholders (ie the names) and the number of shares each hold as at the 30th June 20X8. In addition, also clearly state 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.

 

ACCOUNTING METHOD SEMESTER 1 ASSIGNMENT 2021 125 marks for 10% of course assessment Submission date/time Sunday 16th May 2021 at 11:00pm MB Ltd is a public company and was incorporated 10 years ago. It began as a proprietary limited company, then converted to a public company and four years ago was listed on the Australian Securities Exchange (ASX). The progression through the different corporate structure was a function of the continuing success of its business. The equity section of the balance sheet of the company at the 30th June 20X7 is provided below: OWNERS' EQUITY Issued Capital 240,000,000 Reserves 24,054,890 Retained profits TOTAL OWNERS' EQUITY 68,244.000 332,298,890 The company's financial year ends on 30th June. Additional Information: 1. Issued capital is comprised of: 35,000,000 ordinary shares all issued at $6.00 each $30,000,000 of 2.5%pa preference shares. Dividends on these shares are paid annually on the last day of March. A list of ordinary shareholders and their holdings as at 30th June 20X7 (and therefore 15st July 20X7) is provided on the next page. Note: DRP = "Y" elected to be in the dividend reinvestment plan The amounts under 1/7/20X7 = number of ordinary shares held at that date (Ensure that you have fully read and understood the information previously provided under the Basic Details for the assignment as this is integral to this assignment.)