Required

Prepare the deferred tax worksheet and journal entries to adjust deferred tax accounts as at 30 June 2021.

The statement of financial position of Quentin Ltd at 30 June 2021 showed the following assets and liabilities. 2021 $ Cash 6,000 Accounts receivables 170,000 Allowance for doubtful debts Inventory (5,000) 19,000 7,200 Interest receivable Plant 120,000 (30,000) Accumulated Depreciation - Plant Deferred Tax Asset (at 30/06/2020: $4,300) ? Liabilities 150,000 4,000 Accounts Payable Provision for Long service leave Interest Payable Deferred Tax Liability (at 30/06/2020: $1,000) 2,000 ? ? Additional information a. Accumulated depreciation of plant for tax purposes was $20,000 at 30 June 2021. b. The tax rate is 30%. Required Prepare the deferred tax worksheet and journal entries to adjust deferred tax accounts as at 30 June 2021