Question 2

The unadjusted and adjusted trial balance for DIY Pte Ltd are shown below.

(33 marks) Question 2 The unadjusted and adjusted trial balance for DIY Pte Ltd are shown below. DIY Pte Ltd Trial Balance 31 December 2019 Unadjusted Adjusted (S) ($) (S) ($) Cash 439,200 839,200 Transport expense 26,600 23,600 Accounts receivable 93,200 92,750 Allowance for bad debts 3,000 2,550 Supplies 80,100 30,000 Prepaid rent 34,000 17,000 Prepaid insurance 4,000 1,000 Equipment 920,000 920,000 Accumulated depreciation - Equipment 368,000 460,000 Furniture & fittings (F&F) 256,000 256,000 Accumulated depreciation - F&F 102,400 153,600 Accounts payable 17,200 17,200 Interest payable 4,250 Salaries payable 41,700 41,700 Income tax expense 14,000 14,000 Bank loan (long term) 170.000 170.000 Share capital 500,000 900,000 Retained earnings 205,600 205,600 Revenue 1,109,800 1,109,800 Bad debt expense 3,000 3,000 Supplies expense 50,100 Utilities expense 35.300 38,300 Salaries expense 612,300 612,300 Depreciation expense 143,200 Interest expense O 4,250 Insurance expense 0 3,000 Rent expense O 17,000