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Prepare the journal entries to record this transaction

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Case - Measurement - Dates for Recognition - 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 2011 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 2011. Customer P paid for the goods on 15 April 2011. 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 2011.

Reference no: EM132952890

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