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PART A: Prepare a current tax worksheet (6 MARKS) You are required to account for income tax for the year ending 30 June 2021. Relevant
PART A: Prepare a current tax worksheet (6 MARKS) You are required to account for income tax for the year ending 30 June 2021. Relevant information is as follows: Accounting profit before tax $ 100,000 Warranty expense $ 10,000 Warranty paid $ 15,000 Depreciation expense $ 20,000 Depreciation allowed for tax $ 30,000 Corporate tax rate 30% Q2-A Required: Prepare the current tax worksheet and the current tax journal entry for 30.6.21
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