Building Together Pty (Ltd) ordered Machine B from a supplier in Gauteng on 2 July 2013. The purchase price of Machine B amounted to R765 000. The contract indicated that the machine would be sent by truck, FOB shipping point, on 28 July 2013 and would be paid for in full on the date of delivery. The machine is expected to be delivered to our business premises on 21 August 2013. The bookkeeper has already recognised the machine and the amount of R765 000 is already sitting in the PPE: Machinery account. How can this be? It is not physically on the business premises AND it has not been paid for! Please provide the general journal entry/ies that would be processed on the dates underlined. If no journal entry is required, please provide a reason for this.