Please read carefully as my last assignment was WRONG, this will be the last time I use the service if it happens again, thank you. 

Here are the instructions clearly below… I have three activities to complete, here is a brief summary of all three. 

1. Prepare all necessary journal entries to record the information. 
2. Record payment of interest on debentures. 
3. Write a narration for each journal entry. 

1.Prepare a statement of comprehensive income for Centro LTD. 

1. Prepare an Income statement (before permanent differences) for the year ended 30 June 2012. 
2. Prepare a statement to determine taxable income. 
3. Calculate the amount of tax payable. 
4. Complete the general journal entry to determine income tax expense for the year ending 30 June 2012.


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