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What are the Journal Entries For this? and numbers that go with it i just need these journal entries plus numbers 12 13 14 January
What are the Journal Entries For this? and numbers that go with it
i just need these journal entries plus numbers
12 13 14 January 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 $17,000 due net 30. January 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 $128,500 worth of bicycles to be delivered immediately. Rocky Mountain will pay the shipping. The bikes cost GBI $71,400. 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. January 17 GBI received raw materials inventory ordered from Space Bike Composites January 11. Shipping charges of $800 were included in the $100,200 invoice from Space Bike. January 18 GBI received notice that Bunky's Bicycle Emporium had declared section 13 bankruptcy which meant GBI would not be able to collect the $5,000 that Bunky's owed them January 18 GBI received a $89,000 funds transfer from Silicon Valley Bikes in Palo Alto for the balance due on their account. January 19 GBI paid Staples for the office supplies they received January 11. January 19 SoCal Bikes in Irvine, CA placed an order for $5,300 in bicycle helmets for a special event in February. The merchandise cost GBI $2,400. 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. (Don't forget to charge sales tax of 8.75% for this order.) 15 16 17 18 Step by Step Solution
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