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Question 1 The following were among transactions of Raven Industries Ltd during the financial years ending 30 June 2019. 2019 March 1 May 30

Question 1 The following were among transactions of Raven Industries Ltd during the financial years ending 30 June 2019. 2019 March 1 May 30 Industries Ltd Raven discounted its own 90-day bill of exchange made out to the International Bank. The face value of the bill was $360 000 and the bill was discounted at 10% p.a. Paid the International Bank the amount due on the bill.

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