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Accou.. Complete the blanks in the Franking account of a proprietary company (not a BRE) based on the following information A proprietary company's Dividend
Accou.. Complete the blanks in the Franking account of a proprietary company (not a BRE) based on the following information A proprietary company's Dividend Franking Account information is as follows: 1 July CY Opening Balance-$4000 28 July CY-Paid tax-$7800 15 Sept CY-Paid Dividend $8000 and franked it to 80%. The franking credit attached was $2743 28 Oct CY Dividend received $1400. Franking credits attached - $600 1 March CY Paid dividend-30000. This was franked to maximum franking percentage Just write the figures without any commas. Please show the debit entries and negative balance in brackets Date Description 1-Jul Opening Balance Debit/Credit Balance 4000 7800 or 11800 28-Julam installment of BY 3428 dr 8372 15-Sen Franked Dividend Pead 600 cr 8972
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