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Following extract of trial balance of OH Limited as at 31 December 2020: 10%. Preference Share @ $2.00 each fully paid Ordinary Shares @ $1.50
Following extract of trial balance of OH Limited as at 31 December 2020: 10%. Preference Share @ $2.00 each fully paid Ordinary Shares @ $1.50 fully paid $1,000,000 $3,000,000 Additional information: Company paid interim dividend of $10,000 on 30 June 2020 At the end of financial year, company declared final dividend. Ordinary shareholders are entitled for final dividend of $0.08 per ordinary shares held. Company have also decided that final dividend is additional to interim dividend. Required: i. Show the record for dividends above. ii. Explain the difference between interim dividend and final dividend
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