6. Following is the trial balance of Pure Gold Enterprise as at 30 June 20x7 Debit Credit RM Sales Purchases Sales returns Purchase returns Beginning Inventory Provision for bad debts Wages and salaries Insurance Expense Telephone charges Equipment at cost Van Debtors and creditors Bad debts Capital Bank Drawings 400,000 350,000 5,000 6,200 100,000 800 30,000 6,000 1,000 40,000 30,000 9,800 200 7,000 179,000 3,000 18,000 593,000 593,000 Additional Information: 1. Inventory as at 30 June 20X7 was RM120, 000. 2. Accrued wages RMS, 000. 3. Insurance prep 4. The provision for bad debts to be increased to 10% of debtors. 5. Telephone bills outstanding RM220 aid RM500. You are required to: a. Prepare a trading and profit and toss account for the year ended 30 June 20x7 b. Prepare a balance sheet, as at 30 June 20X7