The accounting profit before tax of Lindfield Ltd for the year ended 30 June2022 was $150,000, including the following items of income and expense.$Government grant (exempt from tax)Entertainment expense (non-deductible)Doubtful debt expenseDepreciation of Equipment (10%)Long service leave expenseInterest expense5,00014,0008,00035,00013,0008,000Additional Information1. The tax depreciation rate for equipment is 15% p.a., on a straight-line basis.2. Bad debt written-off during the year was $3,000.3. No long service leave was paid for the year 2022.4. The interest payable account had a zero balance (nil balance) at the end of30 June 2022.5. The company tax rate is assumed to be 30%.RequiredPrepare the current tax worksheet and the journal entry to recognise thecurrent tax at 30 June 2022.please give me the answer by making proper worksheet please

Journal entries are those entries that include daily transactions or events and are stated in the…

Answered: ounting profit before tax of Lindfield…

ounting profit before tax of Lindfield Ltd for the year as $150,000, including the following items of income rnment grant (exempt from tax) tainment expense (non-deductible) $ 5,000 14,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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