Machete Traders specialises in selling quality household appliances and various household goods. The business is a registered VAT vendor and applies the principles of the perpetual inventory system. The VAT rate is 15%. The following is an extract from the trial balance of Machete Traders as at 31 March 2023: R Sales 110 000 Cost of sales 77 000 Sales returns 5 600 Settlement discount granted 4 850 Settlement discount received 2 265 Required: a) Record the closing transfers in the general journal for the following accounts: Sales Cost of sales Sales returns Settlement discount granted Settlement discount received