Company R sells plastic bottles. Wholesale customers that purchase more than 10 000 bottles per month are entitled to a discount of 6% on their purchases. On 1 March 2014 Customer P ordered 10 crates of bottles from Company R. Each crate contains 2000 bottles. The normal selling price per crate is $400. Company R delivered the 10 crates on 15 March 2014. Customer P paid for the goods on 15 April 2014.
The end of Company R's reporting period is 30 June.
Required
Prepare the journal entries to record this transaction by Company R for the year ended 30 June 2014.