The Statement of Financial Position of Paul Ltd as at 30 June 2021 showed the following assets and liabilities.

	2021
Assets	$
Cash	4,500
Accounts receivables	127,500
Allowance for doubtful debts	(6,000)
Inventory	14,250
Prepaid insurance	5,400
Plant	90,000
Accumulated Depreciation - Plant	(22,500)
Deferred Tax Asset (at 30/06/2020: $2,000)	?
Liabilities
Accounts Payable	112,500
Provision for Long service leave	3,000
Provision for Warrranty	4,500
Deferred Tax Liability (at 30/06/2020: $1,000)	?

Additional information

a. Accumulated depreciation of plant for tax purposes was $30,000 as 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.

DEFERRED TAX WORKSHEET
	Carrying Amount	Tax Base	Taxable Temp Diff	Deductible Temp Diff

Journal Entry for Deferred Taxes
	DR	CR