Transcribed Image Text: Question 3 36.3 A balance sheet for Cuomo Ltd is to be drawn up from the following information as at 30 September 2020: Issued share capital: ordinary

Transcribed Image Text: Question 3
36.3
A balance sheet for Cuomo Ltd is to be drawn up from the following information as at
30 September 2020:
Issued share capital: ordinary shares £1 each
Authorised share capital: ordinary shares of £1 each
3.75% loan notes (repayable 30 September 2025)
Buildings at cost
Motor vehicles at cost
85,000
1,000,000
75,000
730,000
148,000
254,000
Plant & equipment at cost
1
Question 3
Retained profits
Share premium account
Inventory
Accounts receivable
General reserve
Accounts payable
Accumulated depreciation: Buildings
487,400
115,000
81,800
102,000
90,000
97,300
127,000
87,000
117,000
Motor vehicles
Plant & equipment
Bank (balancing figure for you to ascertain)
Corporation tax payable
?
49,100

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