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Bank Balance Assignment | Top Universities

Author:
January 29th, 2020

The following balances had been extracted from the books of O' Riley and Co plc at 1 May 2004. 520 000 200 000 104 000 128 000 75 000 50 000 41 000 1 000 16 800

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Premises at cost Equipment at cost Provision for depreciation on-premises Provision for depreciation on equipment Stock Debtors Creditors Provision for doubtful debts Dividends due Issued and fully paid-up capital Ordinary shares of $0.50 each 6% Preference shares of $1 each 5% debentures 2010 8% loan repayable 2008 Share premium General reserve Retained profit Bank 150 000 80 000 100 000 25 000 80 000 75 000 87 200 REQUIRED (a) Calculate the bank balance at 1 May 2004. Get Accounting homework help today

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