Taballa Ltd owns all the share capital of Amaroo Ltd$.$ The income tax rate is $30\%.$ The following transactions took place during the periods ended $30$ June $2023$ or $30$ June $2024.$

$($a$)$ On $1$ May $2023,$ Amaroo Ltd sold inventories costing $$600$ to Taballa Ltd for $$1200$ on credit. On $30$ June $2023,$ only half of these goods had been sold by Taballa Ltd$,$ and Taballa Ltd had paid $$600$ to Amaroo Ltd$.$ All remaining inventories were sold to external entities by $30$ June $2024$ and Taballa Ltd paid the outstanding amount to Amaroo Ltd on $5$ May $2024.$

$($b$)$ On $1$ January $2023,$ Taballa Ltd sold an item of plant to Amaroo Ltd for $$10000.$ Immediately before the sale, Taballa Ltd had the item of plant on its accounts for $$12000.$ Taballa Ltd depreciated items at $5\%$ p$.$a$.$ on the diminishing balance and Amaroo Ltd used the straight$-$line method over $10$ years.

$($c$)$ An inventories item with a cost of $$4000$ was sold by Taballa Ltd to Amaroo Ltd for $$3600$ on $1$ January $2024.$ Amaroo Ltd intended to use this item as equipment. Both entities charge depreciation at the rate of $10\%$ p$.$a$.$ on the diminishing balance on non$-$current assets. The item was still on hand at $30$ June $2024.$

$($d$)$ Taballa Ltd provided management services to Amaroo Ltd during the period ended $30$ June $2024.$ The total charge for those services was $$5000$ that was unpaid at $30$ June $2024.$

$($e$)$ Taballa Ltd borrows $$60000$ from Amaroo Ltd on $1$ July $2022$ with an interest rate of $2\%$ p$.$a$.$ The loan is for $5$ years. The interest is to be paid biannually in arrears, starting on $31$ December $2022.$

Required

$1.$ Prepare adjusting journal entries for the consolidation worksheet at $30$ June $2023$ and $30$ June $2024$ in relation to the intragroup transactions.

$2.$ Explain in detail why you made each adjusting journal entry.