Thrifty Kitchen $($Pty$)$ Ltd $($Thrifty Kitchen'$)$ manufactures and sells unique and professional kitchen utensils and equipment. The entity has a December financial year$-$end.Classic pots set:On $1$ August $2022|$ Thrifty Kitchen sold a set of classic pots to Mrs$.$ Pfister for R$70000.$This is also the date the customer has taken possession of the classic pots set. Mrs$.$Pfister was offered a settlement discount of $10\%$ should she settle the outstanding amount by $31$ October $2022.$ Mrs$.$ Pfister has a record of making payments within terms.On $1$ August $2022/$ Thrifty Kitchen also offered Mrs$.$ Pfister repolishing services to polish her classic pots set every three months for a period of three years after the transaction date. Polishing services are usually offered to customers at R$9000$ for the same period. It was agreed that Mrs$.$ Pfister would settle the transaction price as the polishing services are performed, and all polishing services have equal values. Mrs$.$Prister handed over her set of classic pots on $31$ October $2022$ for the first polish, and Thrifty Kitchen returned the polished set of pots to her on the same date after she paid for the service.Stainless steel cutlery and serving ware set:Mrs$.$ Pfister also purchased a stainless$-$steel cutlery and serving ware set on $1$ August$/2022/$ The cash selling price of the set amounted to R$26000$ on this date. It was agreed that Mrs$.$ Pfister would settle the outstanding amount in quarterly instalments of R$3250$ each, payable in arrears for a period of two years. The first instalment is payable on $31$ October $2022.$ Thrifty Kitchen determined that Mrs$.$ Pfister's contractual borrowing rate was $4\%$ per annum. This rate is significantly lower than the $10\%$ per annum interest rate that would have been used in a separate financing transaction between Thrifty Kitchen and Mrs$.$ Pfister at contract inception.On the $31$s of October $2022,$ Mrs$.$ Pfister made an electronic funds transfer of R$67000$ to Thrifty Kitchen. The amount is made up as follows:Classic pots set $($R$70000$ x $90\%)=$ R$63000$ Polishing services $=$ R$750$ Instalment on stainless$-$steel cutlery and serving ware set $=$ R$3250$ Total $=$ R$67000$ You may ignore VAT and income tax implications.REQUIRED:$3\mathrm{.}2)$ Prepare the general journal entries that Thrifty Kitchen $($Pty$)$ Ltd will record in its records to account for all the transactions on $1$ August $2022,31$ October $2022$ and $31$ December $2022.$Dates and narrations are not required.Show all workings. Where applicable, round off to the nearest rand.Ignore VAT, Income tax, and cost of sales.