AUSTRALIAN TAX SYSTEM

Tardy Pty Ltd$,$ a corporate tax entity, has the following transactions for the $2022/23$ income year:

Note $-$ the benchmark franking percentage is $100\%$

REQUIRED:

Using the template provided, prepare the franking account for the $2022/23$ income year.Tardy Pty Ltd$,$ a corporate tax entity, has the following transactions for the $2022/23$ income year:

DATE

TRANSACTION

$

$30-$Jun$-22$

Credit balance

$1,500$

$01-$Sep$-22$

Paid Full Franked Dividend $($franking credit $$3600)$

$8,400$

$07-$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

$3,000$