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Question 3 (10 marks) David Ltd pays its salaries fortnightly fortnightly salary expense is $30,000, of which $10,000 is retained to pay the Australian Taxation

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Question 3 (10 marks) David Ltd pays its salaries fortnightly fortnightly salary expense is $30,000, of which $10,000 is retained to pay the Australian Taxation Office on behalf of the employees. Payments to the ATO are made every second Monday, with the next payment being made on Monday 6 July. David Ltd's reporting period ends on 30 June in arrears. The next pay day is Thursday 2 July. The Required: Provide the journal entries in the books of David Ltd for: a) 30 June. (5 marks) b) 2 July. (2.5 marks) c) 6 July. (2.5 marks)

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