Great Ltd owns all of the share capital of Barrier Ltd. The income tax rate is 30%. The following transactions took place during the periods ended 30 June 2020 or 30 June 2021.

On 1 January 2020, Barrier Ltd lent Great Ltd the sum of $25 000. The loan is repayable in ten years and carries an annual interest charge of 4%. At 30 June 2021, both companies have recognized the interest for the year but no cash has been exchanged.

In relation to the above intragroup transactions, prepare adjusting journal entries for the consolidation worksheet at 30 June 2021. Only the adjusting entries need be shown. Narrations are not required.