Question 1: From the following selected ending ledger balance extracted from the ledger book of Charlie Retails Pty Ltd.

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Question 1: From the following selected
ending ledger balance extracted from the ledger book
of Charlie Retails Pty Ltd. during October
2020. Prepare the following financial
statements:
Account Title
Ending ledger balance in AUD$
Lolly sales
144,000
Cost of Sales
64,000
Administrative expenses
5,120
Rent of shop
22,400
Casual wages expense
4,800
Interest on loan
9,280
Equipment- Photocopy machine
12,500
Electricity expense
3,200
Cash at Bank
20,680
Shop fittings
31,000
Cash on hand
7,200
Accounts payable
3,680
Charlie Capital
20,000