The following data are extracted from the balance sheet of Woolman Ltd. Required Redraft the balance sheet

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The following data are extracted from the balance sheet of Woolman Ltd. Required Redraft the balance sheet to show the effect of making:

Fixed assets 570 000 Current assets 360 000 Current liabilities 92 000 268 000 838 000 Financed by 50p ordinary shares Profit and loss account

(a) a rights issue of 1 for 5 at 60p

(b) a bonus issue of 1 for 10. 500.000 338 000 838 000

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Accounting A Systems Approach

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Authors: Alison Warman, Jeff Davies

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Question Posted: Jul 03, 2024 10:00 AM

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The following data are extracted from the balance sheet of Woolman Ltd. Required Redraft the balance sheet

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Accounting A Systems Approach

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