JEs for Jan 6 GBI received $59,465 in safety product inventory and $38,250 in raw materials from Dallas Basics. Was ordered on December 28. Payment terms are $97,715 are net 10 days. GBI paid the CWX shipping company $770 with manual check for the shipment. Jan 17 GBI paid an invoice from Lightbulb Accessory Kits for ordered goods that were received on December 20. The amount of the invoice from Lightbulb is $18,510 due net 30. Jan 17 The city of Denver will be hosting a decathlon 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 GBI for $135,650 worth of bicycles to be delivered immediately Rocky Mountain will pay the shipping. Bikes cost GBI $82,660. GBI is giving them special terms of net 45 days on this order.Jan 18GBI received a $91.410 funds transfer from Silicon Valley Bikes in Palo Alto for the balance due on their acct. Jan 24 Beantown Bikes in Boston, MA placed an order with GBI for $28,550 in bicycles. The cost of the bicycles is $17,892, Beantown Bikes is a new customer. They must wait unteir credit can be approved or pay for the order before GBI will ship the bikes to them. Jan 26 GBI received notification from their bank that Beantown Bikes transferred the amount of their bicycle amount into GBI's account, so GBI's warehouse personnel shipped Beantown's order. Beantown will be responsible for paying FedEx $360 for shipping order.