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4. A fire broke out at Hall's Mall, destroying most of its stock of goods. The amount salvaged was valued at 6,000. The following data
4. A fire broke out at Hall's Mall, destroying most of its stock of goods. The amount salvaged was valued at 6,000. The following data was available: Balances at June 1, 2011 Stock 23,750 Debtors 16,000 Creditors 11,520 Transactions to date Receipts from customers Cash sales Payments to suppliers Balances to date Debtors Creditors 18,780 14,210 61,000 17,220 59,630 Given that goods are marked up at 50%. Calculate the value of goods that were destroyed in the fire.
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