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how would I journalize this 11 January 13 In order to better track inventory, GBI ordered a bar-coding and tracking system which will be installed
how would I journalize this
11 January 13 In order to better track inventory, GBI ordered a bar-coding and tracking system which will be installed and tested by Computer Specialists, Inc. (CSI). The system will allow employees to track inventory using mobile devices and special software which will link into their new computerized accounting system. The barcode system costs $9,995 (including sales tax) and CSI will charge GBl $1,500 for the installation and tests. GBI paid a deposit of $2,500 on the system and the remainder is due and payable when the system is installed. GBI will classify the bar-coding system as "Production Machinery, Equipment and FixturesStep by Step Solution
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