QUESTION 5 use On 18 August 20.20 Crazee Ltd placed an order for a machine amounted to 100 000 shipped 'free on board' (FOB) that will be in the manufacturing process. The machine was shipped on 13 October 20.20 and arrived in South Africa on 1 November 20.20. Payment for the machinery was made on 15 October 20.20. The machine had to be professionally installed by a local specialist at a cost of R12 000, payment of the installations was made when it was completed. The machine extremely complex and thus staff had to be trained to use the new machine. was The training cost amounted to R6 500 and was paid on the day training was given. The machine was finally available for use on 1 December 20.20. The machine is expected to have a useful life of 10 years and a residual value of Rnil. Depreciation is provided using the straight-line method over its useful life. The company's reporting date is 28 February. Applicable exchange rates were as follows: Date 1 R= 18 Augustus 20.20 0,200 13 October 20.20 0,320 15 October 20.20 0,250 1 November 20.20 0,180 REQUIRED: Prepare the journal entry to recognise the purchase of machinery from the foreign supplier. Make use of the template for possible account names that is given in the instruction document. Clearly indicate in your answer if the item is a statement of financial position (SFP) or a statement of profit or loss and other comprehensive income (P/L) general ledger account. Date Account name Debit and Credit Rand Dr Cr of Purchase machinery, form foreign supplier a