Neil Brown is a businessman who buys packages of goods and wholesales the package for cash. His business is registered as a Vat Vendor. During March 2022 he purchased for cash a package of goods for R28 000 (exclusive of 15% Vat). Neil used a mark-up of 30% on the cost price and sold the package for R41 860 (Inclusive of 15% VAT). Neil uses the perpetual inventory system to keep records of his trading activities.

Required: Record general journal entries for the purchase and sale of the package of goods. You do not have to record the dates but must include a brief narration appropriate for both the purchase and sale of the goods above.