Bath Ltd provides a defined contribution superannuation fund for its employees. The company pays contributions equivalent to 10% of annual wages and salaries. Contributions of \($60\)  000 per month were paid for the year ended 30 June 2023. Actual wages and salaries were \($8\) million. Three months after the reporting period, there is a settlement of the difference between the amount paid and the annual amount payable determined with reference to Bath Ltd’s audited payroll information. The settlement at 30 September involves either an additional contribution payment by Bath Ltd or a refund of excess contributions paid.

Required 

Prepare all journal entries required during June 2023 for Bath Ltd’s payment of, and liability for, superannuation contributions.