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Question 2 Ezy Mart Pte Ltd is an e-commerce company that operates an online supermarket in Singapore. Following is the unadjusted trial balance of Ezy

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Question 2 Ezy Mart Pte Ltd is an e-commerce company that operates an online supermarket in Singapore. Following is the unadjusted trial balance of Ezy Mart Pte Lid as at 30 September 2018. Debit Credit $ $ Share capital 500,000 Retained earnings, 30 Sep 2017 137,500 Logistic equipment at cost 775,000 Motor vehicles at cost 500,000 Accumulated depreciation Logistic equipment 250,000 Motor vehicles 125,000 Cost of goods sold 2,818,500 Sales 4,626,500 General expenses 104,000 Wages and salaries expenses 897,000 Rental expense 50,000 Allowance for doubtful debts 6,000 Accounts receivable 371,000 Accounts payable 341,500 Cash 61,500 Inventory 409,500 5,986,500 5,986,500 The following are additional information, none of which has been taken into consideration in arriving at the figures shown in the trial balance above. (i) Wages and salaries due at 30 September 2018 but still remained unpaid, $7,250. (ii) Rental expenses paid in advance at 30 September 2018, $9,000. This amount has been mistakenly included in the rental expense shown in the unadjusted trial balance above. (iii) The company estimated that as at 30 September 2018, $11,130 of accounts receivable will be uncollectible

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