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QUESTION
This question paper must be X-treme Pty Limited ("X-treme") has an opening balance in the franking account as at 1 July 2014 of $15,000Cr.
A dividend franked to10% was paid by X-treme on 15 June 2015 for $6,000. REQUIRED: Prepare the franking account for X-treme Pty Ltd for the year ended 30 June 2015.
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