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What balance would have been entered in the suspense account

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Reference no: EM132781971

Problem - On 1 October 20X6, N Co had 400,000 25c ordinary shares in issue. On 1 January 20X7 there was a rights issue of one for five at $1.50. The entry in the share premium account was omitted in error and as a result the trial balance at 30 September 20X7 did not agree. What balance would have been entered in the suspense account when it was opened?

Reference no: EM132781971

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