Prepare the journal entries in the accounting records of Sandile Limited to record the sale of the inventory and the settlement of the account by the customer, for each of the above two scenarios. Ignore VAT and ignore the cost of sales transactions. E9-3 Bongani Limited purchases inventory for C250 000 from a supplier. Bongani Limited is offered a settlement discount of 5% if the account is settled within 10 days. Normal credit terms are 30 days. It is expected that Bongani Limited will not take up the settlement discount. A perpetual inventory system is used. Part A Bongani Limited settles the amount owing to the supplier within the 10-day period. Part B Bongani Limited settles the amount owing to the supplier after the 10-day period. 104