Identify whether the following payments and receipts of a resident company result in any franking credit or franking debit entries in its franking account, and state the amount of the credit or debit (if any):

1. Payment of income tax of $300
2. Payment of a PAYG instalment of $600
3. Payment of GST of $100
4. Payment of FBT of $500
5. Receipt of a $700 dividend which has $100 of franking credits allocated to it