Hello everyone,
Cold you please help me the do adjustment of devidend ?
The balance on the Dividend Paid Account represents a half-year’s Preference Dividend and an Interim Ordinary Dividend. The directors are proposing to pay the second half-year’s Preference Dividend and a final Ordinary Dividend of $0.10 per share.
In trial balance
Dividends paid =$34,000
Ordinary share capital (in $ shares) =$200,000
5%Preference share capital =$80,000
What should I do adjustment and calculate in Balance Sheet?
Thanks
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