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In January 2014, the bank account of Jo Slow showed an opening debit balance of R500.Capital received, R10 000. Loan repayment R5000, Incoming cash R8000.

In January 2014, the bank account of Jo Slow showed an opening debit balance of R500.Capital received, R10 000. Loan repayment R5000, Incoming cash R8000. Expenses R12000, Cash purchase of new equipment R2500. What is the opening bank balance as at 1 February 2014?

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