Record the daily transactions if appropriate, (some events may not involve journal entries), as general journal entries into Excel. (Note: It is not acceptable practice to split one event into multiple journal entries, nor is it acceptable to post all transactions for the day in one journal entry.) THIS IS ALL ONE QUESTION

Here is the required Journal Entries - thank you very much in advance!

11 GBI received the goods they ordered from Dallas Bike Basics on January 15th. The bill of lading indicated that the raw materials were packed on a pallet weighing 420 pounds and the accessories were in boxes totaling 280 pounds. Dallas added $750 to the original purchase amount for the cost of freight.

12 GBI wired funds of $52,483 to Space Bike Composites for the order received January 9.

13 January 20 As part of GBIs local advertising campaign, GBI purchased and paid for an advertisement in the Daily Aztec which will run each week from February 1 through May 31. The cost of the series of print ads is $9,000.

14 GBI received notice that Bunkys Bicycle Emporium had declared section 13 bankruptcy which meant GBI would not be able to collect the $2,365 that Bunkys owed them.

15 January 22 GBI received a $108,674 funds transfer from Silicon Valley Bikes in Palo Alto for several invoices on their account.

16 GBI paid $18,240 for the warehouse shelves installed on January 12th using a standard check from their bank account.

17 January 23 SoCal Bikes in Irvine, CA placed an order for $5,450 in bicycle helmets for a special event in February. The merchandise cost GBI $3,161. SoCal sent a truck to the GBI distribution center in San Diego, CA and picked up the merchandise directly from GBIs warehouse. Terms of payment are net 30. (Dont forget to charge sales tax of 8.0% for this order.)

18 GBI ordered $62,112 of bike accessories (trading goods) from Dallas Bike Basics in Dallas, TX. Terms of payment are net 30. Dallas Bike is offering free freight during the last two weeks of the month to promote purchases.

19 January 26 The city of Denver will be hosting a triathalon 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 $119,742 worth of bicycles to be delivered immediately. Rocky Mountain will pay the shipping. The bikes cost GBI $73,845. GBI shipped the order immediately 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.

20 January 26 GBI received the goods ordered from Dallas Bike Basics on January 23.

21 January 27 GBI paid an invoice from Lightbulb Accessory Kits for ordered trading goods that were received on December 30. The amount of the invoice from Lightbulb is $21,670 with payment due January 30.

22 The county approved GBIs building plans for their new warehouse. Estimated building costs are $12,050,000 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.

23 January 28 GBI sent a $30,192 check to Night Rider Aluminum Products for an order of bicycle parts GBI received December 30th.

24 The office manager in San Diego ordered $300 of office (operating) supplies from Office Depot. While on the way back from a delivery, one of the warehouse staff picked up the Office Depot order and brought it to GBIs office. GBI has an account with Office Depot and payment terms are net 10. Operating supplies expense is figured at the end of the month determined by the amount of supplies used during the month.

25 Big Apple Bikes in New York City is expanding to another location in New York and needs to stock the new location. GBI received a phone order from Big Apple for $199,410 in bicycles and $106,920 in bicycle accessories and safety gear at special discount prices. The cost of the bicycles in this order is $145,600 and the cost of the accessories is $64,152. Big Apple will have a contract trucking company pick up the order when it is ready. The order is sent to GBIs warehouse for picking and packing which may take a couple days. Payment terms to Big Apple for this order are net 30. Shipping terms are FOB shipping point.

26 January 30 GBI pays sales tax once a quarter via the states electronic filing and payment system. GBI filed its return and paid $2,018 in sales tax for the quarter ending December 31.

27 GBI paid Februarys rent of $9,500 for the office and warehouse space in San Diego.

28 The trucking company picked up the completed order for Big Apple Bikes.

If there is no date at the start of the sentence, it is the most previous date listed in a prior starting line. Thank you very much in advance.