The summarised balance sheet of Wiley-Fox Ltd at 30 November 208 is given. On 1 December 208

Question:

The summarised balance sheet of Wiley-Fox Ltd at 30 November 20*8 is given.

On 1 December 20*8 Wiley-Fox Ltd issued a further 100,000 ordinary shares at 40 pence per share. On the same date the company revalued the non-current assets at £200,000.

Required

Prepare a summarised balance sheet at 1 December 20*8 after the revaluation of noncurrent assets and the share issue.

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Introducing Accounting For AS

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Authors: Ian Harrison

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Question Posted: Aug 23, 2023 04:12 AM

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The summarised balance sheet of Wiley-Fox Ltd at 30 November 20*8 is given. On 1 December 20*8

Question:

Non-current assets at cost Less aggregate depreciation Current assets Current liabilities Trade payables Bank overdraft Shareholders' equity Ordinary shares of 25 pence Retained earnings £ 10,000 2,000 £ 16,000 12,000 £ 150,000 35,000 115,000 4,000 119,000 80,000 39,000 119,000

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The summarised balance sheet of Wiley-Fox Ltd at 30 November 208 is given. On 1 December 208