=+5. Give the Journal entries for the grossing up of the following payments: (a) Interest paid net
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=+5. Give the Journal entries for the "grossing up" of the following payments:
(a) Interest paid net on £50,000 6% Debentures for the year 1961.
(b) Net income from investments during 1961-£690. (Tax is 7/9 in the £).
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