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Please help me with this. Thank you in advance. d. Prepare a balance sheet for the business entity Property Management Corporation at December 31, 201X.

Please help me with this. Thank you in advance.

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d. Prepare a balance sheet for the business entity Property Management Corporation at December 31, 201X. Question 6. Following are the account balances of Paragon Enterprises as on June 30, 201X. Cash in hand Rs. 35,000/-, Furniture Rs. 140,000/-, Cash at Bank Rs. 45,000/-, Capital Rs. 428,000/-, Accumulated depreciation (Furniture) Rs. 23,000/-, Machinery Rs. 220,000/- Accumulated depreciation (Machinery) Rs. 35,000, Purchases Rs. 135,000/-, Sales Rs. 280,000/-, Account Receivable Rs. 30,000/-, Account Payable Rs. 42,000/- Purchase return & allowance Rs. 4,000/- Allowance for Bad Debt Rs. 6,000/-, Merchandise Inventory (beginning) Rs. 25,000/-, Merchandise Inventory (Ending) Rs. 87,000/-, Salaries expense Rs. 45,000/-, Rent expense Rs. 33,000/-, Advertising expense Rs. 22,000/-, Travelling expense Rs. 32,000/-Office supplies expense Rs. 12, 000/-, Utility charges Rs. 26,000, Bad Debt expense Rs. 2,000/-, Depreciation expense Rs. 10,000/-, Sales return & allowance Rs. 6,000/- . Required: (Marks 5) (a) Income statement in report form (b) Balance Sheet as at June 30, 201X

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