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.