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1 1 . 1 5 Vision Eyewear Pty Ltd ( a private company for tax law purposes ) has an opening franking account surplus of
Vision Eyewear Pty Ltd a private company for tax law purposes has an opening franking account surplus of $ at July
During the income year, the company entered into the following transactions.
On July the company paid an unfranked dividend of $ to its shareholders.
On July the company paid its fourth and final PAYG instalment of $ in respect of the income year.
On August the company paid a dividend of $ franked to per cent.
On September the company received a fully franked dividend from Coles Ltd of $
On October the company paid its first PAYG instalment for the income year of $
On December the company paid a franked dividend of $ which was franked to per cent.
On February the company paid its second PAYG instalment for the income year of $
On March the company paid a franked dividend of $ franked to per cent.
On April the company received a fully franked dividend from Telstra Ltd of $
On April the company paid its thirdquarter PAYG instalment for the income year of $
On June the company paid a franked dividend of $ franked to per cent.
Assume a company tax rate of per cent.
Required
Prepare a dividend franking account for Vision Eyewear Pty Ltd for the year ended June Show all workings. Round all
transactions to the nearest whole dollar.
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