The profit before tax, as reported in the Statement of Profit or Loss and Other Comprehensive Income of Paul Ltd for the year ended 30 June 2021, amounted to $50,000 including the following revenue and expense items.

	June 2021
	$
Interest revenue	6,750
Bad debts expense	9,000
Depreciation expense - plant	10,500
Annual Leave Expense	3,750
Rent Expense	3,000
Fines and Penalties (non-deductible)	750
Government grant (exempt from tax)	13,500

Additional information:

a. The deduction for depreciation for tax purposes was $10,000.

b. Bad debts written off for the year were $8,250.

c. Interest revenue is receivable in advance and is taxed when received. Total cash receipts for interests were $12,000 during the year.

d. The annual leave provision was $3,000 at the end of the year (the opening balance was $2,000).

e. Rent payments of $4,500 were made during the year.

f. The tax rate is 30%.

Required

Prepare the current tax worksheet and the journal entry to recognise current tax at 30 June 2021