Can someone please help! The Unadjusted balance should be $1,478,835 Event January 3 Date Description of Event Employees are paid monthly on the first business day of the month 21 January 26 for work done in the previous month. The total payroll for the previous month is $110,000. (Ignore payroll taxes for this assignment) Accounting wrote and distributed the paychecks. GBI received notification from their bank that $27,450 had been transferred to their account from Beantown Bikes, so GBI's warehouse personnal shipped Beantown's order. Beantown will be responsible for paying Fed-X $360 for shipping the order. Estimated building costs are $1,060,000 which will be funded via a mortgage from Bank of America. GBI pians to break ground on the new building April 18" of this year. GBI received $55.002 in safety product inventory and $37, 128 in raw 22 January 27 The county approved GBI's building plans for their new warehouse materials from Dallas Bike Basics. This inventory was ordered on December 28. The payment terms for the invoice total of $92,820 are net 10 days. CBI paid the CWX shipping company $550 with a manual check for the shipment of the goods. The bill of lading showed that the safety product inventory arrived in 6 boxes with a total weight of 120 lbs and the raw materials came on a pallet and weighed 100 lbs 23 Windy City Bikes in Chicago, IL ordered $22.000 of bicycle accessories from GB. The cost of the accessories to GB) is $15.180. The goods were shipped to Windy City immediately via UPS using Windy City's UPS shipping number. The terms of payment for Windy City's order are 2/10 net 30 days 24 4 January 7 GBI received payment of $16,850 from Northwest Bikes in Seattle WA for the balance due on their account. 25 January 31 beginning bal General Journal COA T-Accounts Detail Balance Credit Balance 5 January 10GB's account on the utility company website is updated at the end of each month when the meter is read. Gal uses this data to accrue the expenses at the end of each month (in this case on December 31") This allows recognition of the expense in the correct period Expenses are usually accrued at the end of the month as "Accrued Expenses GBI paid the December utility bil of $988 via the company's automatic electronic bill pay program 26 110100 Accounts Receivable Dining Acc 108420 GBI's advertisement in the English language edition of italian Cycling Journal was published today. This ad was prepaid at the end of July for six months of advertising, August through January, (Five months 27 of advertising have abeady been used.) 750 12000 200010 Irtory Find Goods() 2012 20000 647 290030 yd Goods Ded 5000 22000 Advert 1000 20000 Depon 221 (D 425.000 9 220211 Production Machinery Equi&D) 22000 Depar 220400 Future 915.000 2200 Dep 220600 OE 22000 Acced Depciation De Equip 300000 Accounts 300400 Poble-hart-T 300000 Pang 300600 Co 47.900 110,000 310000. / 120000 Accrand Tax- 321000 Arad Te 122000 Uneered Revers 32000 329100 Ational Pen-C 60000 Selec 3.000 January 11 The office manager in San Diego ordered $350 of office (operating supplies from Staples. While on the way back from a delivery, one of the warehouse staff picked up the Staples order and brought it to GBI's office. GBI has an account with Staples and payment terms 28 enet 10. Operating supplies experis figured at the end of the month determined by the amount of supplies used during the month GBI ordered $99,418 in raw materials from Space Bike Compostes in Houston, TX Terms of payment to Space Bikes are net 30. GBI received payment from Windy City Bikes for their order from January 3. Windy City paid the invoice amount less the discount for paying within 10 days 10 January 12 GB paid $92.820 via bank transfer for the inventory order that they received from Dallas Bike Basics January 3. January 13 order to better track inventory, GBI ordered a bar-coding and racking system which will be installed and tested by Computer Specialists, Inc. (CS) The system will allow employees to track inventory using mobile devices and special software which will link no their new computerized accounting system. The barcode system costs $5,995 (including sales tax) and CSI will charge GBI $1,200 for the installation and tests GBI paid a deposit of $3,000 on the system and the remainder is cue and payable when the system is installed GBI will classify the bar-coding system as Production Machinery Equipment and Fixtures 12 January 17 paid an invoice from Lightbulb Accessory Kits for ordered goods that were received on December 20. The amount of the invoice from Lightbulb is $17,010 due net 30 1.000000 13 30000 Dak 640000 GL 14 650100 Our Serv 720000 Cox 720100 Frihed Product Court Exper 15 220000ding Good C 720000 Coupon Expen 240000 Expe 24000 PayExpe 240700 Experie 741200D Exp 741400 Production Onder Verice Expense Acc 41800 Depesca Ex 742000 Veder De 100 g 10000 Purchase Price D 20100 Production V 770000 and De 20000 Cost of Goods Sold 207 The city of Denver will be hosting a decathion at the end of February The event is expected to create demand for high quality bikes. Rocky Mountain Bikes in Denver, CO placed an order with GB for $128,130 worth of bicycles to be delivered immediately. Rocky Mountain wil pay the shipping. The bikes cost GB1 $79,441 GB shipped the order immediately so that Rocky Mountain can start promoting the bikes. Because Rocky Mountain is a s a good customer, GBI is giving them special Serms of net 45 days on this order. 081 received raw materials inventory ordered from Space Be Composites January 11. Shipping charges of $802 were included in the $100,220 invoice from Space Bike GBI received notice that Bunky's Bicycle Emporium had declared section 13 bankruptcy which meant GBI would not be able to collect the $1,610 that Bunky's owed them January 18 received a $89.900 funds transfer from Sicon Valley Bikes in Palo Alto for the balance due on their account 17 January 19 18 331 paid Staples for the office supplies they received January 11. SoCal Bikes in Irvine, CA placed an order for $2,300 in bicycle helmets for a special event in February. The merchandise cost GB 51.380. SoCal sent a truck to the GBI distribution center in San Diego, CA and picked up the merchandise directly from GBs warehouse Terms of payment are net 30 (Don't forget to charge sales tax of 8.75% for this order.) January 24 Beantown Bikes in Boston, MA placed an order with GB for $27,450 n bicycles. The cost of the be is $17,092 Beantown Bikes new customer. Its buyers saw GB's booth at a trade show. Because Beantown is a new customer, they must other wait until their credit can be approved or pay for the order before GB will ship the bikes to them 20January 25 has been offered the opportunity to advertise in the Bicycle Times online magazine for a reduced price if they pay for three months in advance in light of the upcoming Tour de France, the advertising is a great opportunity for GBI to get additional recognition. The advertising will start in February. GBI wrote a check for $15,000 for three months of advertising 21 January 20 received notification from their bank that $27,450 had be ransferred to their account from Beantown Bikes, so GB's warehouse personnel shipped Beantown's order. Beantown will be responding the order GBI sent a $30,890 check to Night Rider Aluminum Products for an order of bicycle parts GBI received December 30th. Big Apple Bikes in New York City is expanding to another location in New York and needs to stock the new location. GBI received a phone order from Big Apple for $232,315 in bicycles and $108,490 in bicycle accessories and safety gear at special discount prices. The cost of the bicycles in this order is $169,586 and the cost of the accessories is $65,094. Big Apple will have a contract trucking company pick up the order when it is ready. The order is sent to GBI's warehouse for picking and packing which may take a couple days Payment terms to Big Apple for this order are net 30. GBI pays sales tax once a quarter via the state's electronic filing and payment system. GBI filed its return and paid $3,063 in sales tax for the quarter ending December 31. GBI paid February's rent of $4,500 for the office and warehouse space in San Diego. CSI installed and tested the new barcode system. The warehouse manager approved the installation and commented that she thinks it works great. GBI wrote a check to CSI for $4,195 and gave it to the installer. Big Apple's truck arrived at GBI's warehouse and picked up the order from January 27 PICCOLLAGE