ignore the 3rd picture please

Use the following transactions to complete the next 14 questions: GBI entered into a series of transactions in September, detailed below. Assume that you are keeping the books for GBI. Reminder Gal values inventary at moving average cost, which adjusts with each batch of goods received. Assume that Get 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 Geart: 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 inventory 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, Gel created a purchase order of 40 OHMTs at $30 each from Dallas Bike Baties. The purchase order's Inventory was received in full on December 8, and GBI was invoiced by the vendor on December 9. The involce 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 involved on September 11. The customer paid for the order on September 26. The payment terms with Beantown Bikes are 2/10, 1/30 Transaction 4 (Motown Bikesh On September 15, el procewed 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, Iwoiced on September 16, and the customer paid for the order on September 18. The payment terms with Motown tikes are 1/5.1/30 Which of the following statements is true regarding Transaction 3 and Sales Discount? Gol would recognize a Sales Discount on September 14 would recognize a Sales Discount an both September 14 and September 24 No discount was involved in the sale since Bestown Bibles paid outside of the discount period Gul would recognize Sales Discount on September 26 Use the following transactions to complete the next 14 questions: GBI entered into a series of transactions in September, detalled below. Assume that you are keeping the books for Gel, Reminder: Gel 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 Gear): On September 1, GBI created a purchase order of 60 OHMTs at $20 each from Olympic Protective Gear, terms 1/15/45. The purchase order's inventory was received in full from Olympic on September 5 and invoiced by the vendor on September 6. Get paid the involce on September 25 Transaction 2 (Dallas Bike Basics) on September 5, GBi created a purchase order of 40 OHMTs at $30 each from Dallas Bike Basics. The purchase order's inventory was received in full on September 18, and Gel was involved by the vendor on September 9. The invoice has not yet been paid Transaction 3 (Beantown Bikes): On September 10. Get processed a sales order for 20 OHMTs to Beantown Biket. The standard sales price is $50 per unit, but Beantown has a standing 10% discount. The sales order was shipped on September 12, and involced on September 14. The customer paid for the order on September 24. The payment terms with Beantown Bikes are 2/10,n/30 Transaction 4 Motown Bikes On September 15, Gil processed a sales order for 10 OHMT to Motown Bikes at the standard sales price or $50 per unit. The sales order was also picked and shipped on September 15, involced on September 16, and the customer paid for the order on September 18. The payment terms with Motown Bikes are 1/5, n/30 What is part of the Journal entry that GBI would record on September 1 for Transaction 1? Credit Accounts Payalle There is no journal entry on September 1 to Traction 1 Debat Purchas Debit Inventory Question 17 the following contoh Commutatore con, which with each of the folio Transaction 11 Protective Seher Girmed 1/... ordered from on September why the wonder Sector Trance Based on created 130 Duter The Sed by the Torbe Town on 10 how the word Rhodos 12. hehe wh/30 Trimaciones Secret 10 Medewer weddon 1.50 What is thereflector balance sheets the leader 16 Ayo Question 10 Gal entered into a series of transactions in September, debited below. Assume that you are keeping the books for Gl. ReminderGalvalues inventory at moving average cost, which adjusts with each batch of goods received. Assume that God had no inventory on hand as of September 1. The questions in this section will refer to the following four transactions Transaction 1 Olymple Protective Geart: on September 1.6 created a purchase order of 60 OHMTs at $20 each from Olympic Protective Gew, terms 1/15,6/45. The purchase order's inventory was received in tuil trom Olympic on September 5 and invoiced by the vendor on September 6. Get paid the invoice on September 25. Transaction 2 (Dallas Bike Baskest on September 5, GBI created a purchne order of 40 OHMTs at $30 each from Daltos Bike Basics. The purchase order's inventory was received in tuli on September 8, and Gel was invoked by the vendor on September %. The invoke has not yet been paid Transaction 3 (Beantown Bikest on September 10. Get processed a sales order for 20 OHMTs to Beantown Bikes. The standard sales price is $50 per unit, but Bentown has a standing 10% discount. The sales order was chipped on September 12, and invoiced on September 14. The customer paid for the order on September 26. The payment terms with Beantown Besare 2/10, 1/30 Transaction 4 (Motown bikes on September 15, Cl precewed a les order for 10 OMTs to Motown Bikes the standard sales price of $50 per unit. The cales order was to picked and shoped on September 15, invoiced on September 16, and the customer paid for the order on September 18. The payment terms with Motown Bikes me 1/5.1/30 What is the net etfect of Transaction on the balance sheet after the sales order is invoked on September 16 Awas created. Noch Stockholder Anecdoch Stocesce O Notes the best Awe decree Noch Stecherer Ounction to