TASK 5 Tardy Pty Ltd, a corporate tax entity, has the following transactions for the 2022/23 income year: DATE TRANSACTION 30-Jun-22 Credit balance 01-Sep-22 Paid Full Franked Dividend (franking credit $3600) $ 1,500 8,400 07-Apr-23 Paid Balance of 2022-23 company tax 4,800 29-Apr-23 Paid Fringe Benefits Tax 9,250 01-May-23 Paid Late Lodgement Penalty 550 08-Jun-23 Received Unfranked Dividend 3,000 Note - the benchmark franking percentage is 100% REQUIRED: Using the template provided, prepare the franking account for the 2022/23 income year.
TASK 5 Tardy Pty Ltd, a corporate tax entity, has the following transactions for the 2022/23 income year: DATE TRANSACTION 30-Jun-22 Credit balance 01-Sep-22 Paid Full Franked Dividend (franking credit $3600) $ 1,500 8,400 07-Apr-23 Paid Balance of 2022-23 company tax 4,800 29-Apr-23 Paid Fringe Benefits Tax 9,250 01-May-23 Paid Late Lodgement Penalty 550 08-Jun-23 Received Unfranked Dividend 3,000 Note - the benchmark franking percentage is 100% REQUIRED: Using the template provided, prepare the franking account for the 2022/23 income year.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:TASK 5
Tardy Pty Ltd, a corporate tax entity, has the following transactions for the 2022/23 income year:
DATE
TRANSACTION
30-Jun-22
Credit balance
01-Sep-22
Paid Full Franked Dividend (franking
credit $3600)
$
1,500
8,400
07-Apr-23
Paid Balance of 2022-23 company tax
4,800
29-Apr-23
Paid Fringe Benefits Tax
9,250
01-May-23
Paid Late Lodgement Penalty
550
08-Jun-23
Received Unfranked Dividend
3,000
Note - the benchmark franking percentage is 100%
REQUIRED:
Using the template provided, prepare the franking account for the 2022/23 income year.
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