The following information was extracted from the records of Jondaryan Ltd as at 30 June 2023.

The motor vehicles was acquired 2 years ago for $ 225 000. For tax purposes, a depreciation rate of 20% is applied (there is no residual value). Deposits are taxable when received, and warranty costs are deductible when paid. An allowance for doubtful debts of $25 000 has been raised against accounts receivable for accounting purposes, but such debts are deductible only when written off as uncollectable.

Required

1. Prepare a deferred tax worksheet to calculate deferred tax for the year ended 30 June 2023 assuming no deferred items had been raised in prior years.

2. Prepare the journal entry to record deferred tax for the year ended 30 June 2023.

Carrying amount Asset (liability) Accounts receivable 150 000 Motor vehicles 165 000 Provision for warranty (12 000) Deposits received in advance (15 000) JONDARYA Ltd Deferred tax worksheet as at 30 June 2023 Tax Base Carrying Amount Deductible Amount Taxable Temporary Differences Deductible Temporary Differences $ $ $ $ $ Assets Liabilities Temporary Difference Deferred Tax Liability Deferred Tax Assets Beginning balances Movement during year Carrying amount Asset (liability) Accounts receivable 150 000 Motor vehicles 165 000 Provision for warranty (12 000) Deposits received in advance (15 000) JONDARYA Ltd Deferred tax worksheet as at 30 June 2023 Tax Base Carrying Amount Deductible Amount Taxable Temporary Differences Deductible Temporary Differences $ $ $ $ $ Assets Liabilities Temporary Difference Deferred Tax Liability Deferred Tax Assets Beginning balances Movement during year