GBI entered into a series of transactions in September, detailed below. Assume that you are keeping the books for GOL. Reminder. GBI values inventory at moving average cost, which adjusts with each batch of goods received. Assume that GBI had no inventory on hand as of September 1. The questions in this section will refer to the following four transactions: Transaction 1 (Olympic Protective Gears On September 1, GBI created a purchase order of 60 OHMTs at $20 each from Olympic Protective Gear, terms 1/15, 1/45. The purchase order's inventary was received in full from Olympic on September 5 and invoiced by the vendor on September 6. GBI paid the invoice on September 25, Transaction 2 (Dallas Bike Basics): On September 5, Gol created a purchase order of 40 OHMTs at $30 each from Dallas Bike Basies. The purchase order's inventory was received in full on September 8, and GB was invoiced by the vendor on September 9. The invoice has not yet been paid. Transaction 3 (Beantown Bikes): On September 10, Gel processed a sales order for 20 OHMTS to Beantown Bikes. The standard sales price is $50 per unit, but Beantown has a standing 10% discount. The sales order was shipped on September 12, and invoiced on September 14. The customer paid for the order on September 26. The payment terms with Beantown Bikes are 2/10, n/30 Transaction 4 (Motown Bikes): On September 15, Gol processed a sales order for 10 OHMT to Motown Bikes at the standard sales price of $50 per unit. The sales order was also picked and shipped on September 15, invalced on September 16, and the auntomer paid for the order on September 18. The payment terms with Matown Bikes are 1/5, n/30 For Transaction 4, which of the following accounts would be impacted by the journal entry on September 18? (Choose all that apply) Cash Inventory Acours Receivable River Sales Discount COGS GBI entered into a series of transactions in September, detailed below. Assume that you are keeping the books for GBL Reminder: Gal values inventory at moving average cost, which adjusts with each batch of goods received. Assume that God had no ventory on hands of September. The questions in this section will refer to the following four transactions Transaction 1 (Olympic Protective Gearlon September 1, Gal created purchase order of 50 OHMIs at $20 each from Olympic Protective Gear, terms 1/15,6/45. The purchase order's inventory was received in full from Olympic on September sind invoiced by the vendor on September & Gelpad the invoice on September 25 Transaction 2 (Dallas Bike Basics on September 5.GBI created purchase order of 40 OHMTs at 5:30 nach from Dalton in Bad The purchase orders inventary was received in full on September and Get was invoiced by the vendor on September. The invoice has not yet been paid Transaction 3 (Beantown Bikes): On September 10 GB processed a sales order for 20 OHM 1 to beantown Bikes. The standard sales price is $50 per unit, but Beantown has a standing 10% discount. The sales order was shioped on September 12and invoiced on September 14. The customer paid for the order on September 26. The payment terms with Beanton Bikes are 2/10, 1/30 Transaction 4 (Motown liked on September 15,6 proceed a sales onder for 10 OHMT to Motown Bes at the standard sales price of $50 per unit. The les onder was also picked and shipped on September 15, Toled on September 16, and the entomer cold for the enter on September 30. The payment terms with Monown as a 1/5.1/30 Which of the following statements TRUE Regarding the GR/IR account? The Godfathedstive and how with been The Groverary which pestory of the end OR Wollbaceod 400 teractions Om Roland Sebes