prepare a journal entry

Tender committee of qatar fuel of QAFAC invite qualified local suppliers to participate in the following tenders 4 suppliers- submit the following quotation Supplier 1 quotation worth/ value QAR 1,400,000 Supplier 2 quotation worth/ value QAR 1,200,000 Supplier 3 quotation worth/ value QAR 1,600,00 Supplier 4 quotation worth/ value QAR 1,500,000 Each one of the above suppliers provided 5% of his quotation as insurance. The first supplier 1 the tender and he submitted or provided qatar fuel with the full insurance first asked for 10% now full. Qatar fuel returned to other suppliers their insurance. Further, the first supplier delayed and he couldn't deliver on time. Thus, there was a penalty/fine worth QAR 120,000. Qatar fuel paid back the insurance money to supplier 1