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16 28-Jan Paid Dallas Bike Basics $9,000 for previously purchased raw materials on credit. 17 28-Jan GBI ordered $75000 in raw materials from Space Bike

16 28-Jan Paid Dallas Bike Basics $9,000 for previously purchased raw materials on credit.
17 28-Jan GBI ordered $75000 in raw materials from Space Bike Composites in Houston, TX. Terms of payment to Space Bikes are net 30.
18 29-Jan Beantown Bikes in Boston, MA ordered $27,000 worth of bicycles from GBI, which cost $17,000. They are a new customer who discovered GBI at a trade show and must either wait for credit approval or prepay for the order before shipment.
19 29-Jan Wrote off accounts receivable of $1,000 from Windy City Bikes, deemed uncollectible, and $500 from Bunkys Bicycle Emporium.
20 30-Jan Purchased new machinery for manufacturing bicycle accessories from Space Bike Composites on credit for $20,000.

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