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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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