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Question 5 Jack of All Trades Ltd had the following transactions for the year ended 30 June 2017: (10 marks) 1 July 1 October 15

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Question 5 Jack of All Trades Ltd had the following transactions for the year ended 30 June 2017: (10 marks) 1 July 1 October 15 December 10 February 27 March Opening balance $3,000 credit Fully franked dividend received-$15,000 2015/2016 Balance of company tax paid- $20,000 Unfranked dividend received- $2,000 Payment of fully franked dividends-$30,000 Required: Prepare the franking account for the year ended 30 June 2017

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