The summarised balance sheet of Norest Ltd at 31 January 20*8 is given. On 1 February 20*8
Question:
The summarised balance sheet of Norest Ltd at 31 January 20*8 is given.
On 1 February 20*8 Norest Ltd issued a further 100,000 ordinary shares at a price of 30 pence per share.
Required
Prepare a summarised balance sheet at 1 February 20*8 after the new shares were issued.
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Non-current assets at cost Current assets Bank Current liabilities Shareholders' equity Ordinary shares of 5 pence each Retained earnings £ 15,000 1,000 16,000 9,000 £ 60,000 7,000 67,000 50,000 17,000 67,000
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