please journalize these transactions

1/3 GBI recieved $55,692 in safety product inventory and $37,128 in raw materials from Dallas Bike Basics. The inventory was ordered on 12/28. The payment terms of the invoice total $92,820 are net 10 days. GBI paid the CWX shipping company $500 with a manual check for the shipment of the goods. The bill lading showed that the safety product inventory arrived in 6 boxes with a total weight of 50lbs and the raw materials came on a pallet and weighed 200lbs. GBI allocates shipping costs by relative shipment weights.

1/4 After careful inspection, GBI found all raw materials recieved on 1/3 from Dallas Bikes Basics to be defective. GBI decided to return all raw materials and re-allocate the $500 shipping costs.

1/6 Accounts receivable of $20,000 were collected including accounts of $9,000 on which 1% sales discounts were allowed.

1/13 To better track inventory, GBI ordered a bar-coding and tracking system which will be installed and tested by CSI. The barcode system costs $5,995 (including sales tax). CSI will charge GBI $1,200 for the installation and tests. GBI paid a deposit of $3,000 on the system. The remainer is due and payable when the system is installed. GBI will classify the bar-coding system as "Production Machinery Equipment and Fixtures"

1/17 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 $128,130 worth of bikes to be delivered immediately. The bikes cost GBI $79,441. GBI paid UPS $4,353 to expedite shipping, so that Rocky Mountain can start promoting the bikes. Because Rocky Mountain is a good customer, GBI is giving them special terms of net 45 days on this order.

1/18 GBI's newest bikes equip with auto-pilot and thus are expected to be popular in San Francisco. To get the first batch of products, a dealer Flying Kite placed an order for 20 bikes and prepaid $100,000. The cost to produce each bike is $3,266. Flying Kite will pay $20 per bike for shipping.

1/19 SoCal bikes in Irvine,CA placed an order for $3,000 in bike helmets for a special event in February. The merchandise cost GBI $2,380. SoCal sent a truck to the GBI distribution center in San Diego,CA and picked up the merchandise directly from GBI's warehouse. Terms of payment are net 30. Charge 9% sales tax on this order

1/20 $760 was received in payment of an account, which was written off the books as worthless in the previous year

1/24 Beantown Bikes in Boston,MA placed an order with GBI for $27,450 in bikes. The cost of bikes is $17,092. Beantown Bikes is a new customer. Because Beantown is a new customer, they must either wait until their credit is approved or pay for the order before GBI ships the bikes to them.

1/27 The county approved GBI's building plans for their new warehouse. Estimated building costs are $1,050,000 which will be funded via a mortgage from Bank of America. GBI plans to break ground on the new building April 18th of this year

1/27 Big Apple Bikes in NYC is expanding to a new location and needs to stock it. GBI received a phone order from Big Apple for $232,315 in bikes and $108,490 in bike accessories and safety gear at special discount prices. The cost of the bikes in this order is $169,586 and the cost of accessories is $65,094. Big Apple will have a contract trucking company pick up the order when its ready. The order is sent to GBI's warehouse for picking and packing which may take a couple of days. Payment terms to the Big Apple this month are net 30.

Big Apple's truck arrived at GBI's warehouse and picked up the order on 1/31

1/28 GBI purchased a piece of land by signing a 2-month, 3%, $50,000 note payable

1/30 GBI issued 1,000 shares of common stocks at $60 per share with a par of $10

1/31 Due to numerous accidents and lawsuits, Flying Kite decided to cancel the order that was placed on 1/18. GBI returned all the prepayment.