Purple Press Pty Ltd is a company that sells various types of printers. Even though

their main business is the sale of printers, they also provide repairs and maintenance

services to those clients who request them. Purple Press Pty Ltd has a December

financial yearend.

Purple Press Pty Ltd entered into the following transactions with customers during

the December financial year:Transaction :

On July Purple Press Pty Ltd sold Officejet printers to one of their

regular customers, Blue Laser Pty Ltd The printers were sold for R per printer

and were delivered to Blue Laser Pty Ltd on July No additional services were

included with the purchase of the printers.

Due to Blue Laser Pty Ltd being a regular customer, Purple Press Pty Ltd offers

Blue Laser Pty Ltd a early settlement discount if their outstanding balance is

settled within days of purchase. Blue Laser Pty Ltd normally makes payment

within days and receives the early settlement discount.

Due to unforeseen circumstances, Blue Laser Pty Ltd was only able to make

payment for this purchase on July

Purple Press Pty Ltd realises a markup on the cost price of an Officejet printer. With reference to Transaction prepare all the general journal entries

required in the records of Purple Press Pty Ltd for the December

financial year. Journal dates and narrations are not required.

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