Question 1: From the following selected ending ledger balance extracted from the ledger book of Charlie Retails Pty Ltd.
Posted: Wed May 04, 2022 7:21 am
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
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