Question: In.order.to better track inventory, GBl ordered a bar-coding and tracking system which will be installed and tested by Computer Specialists, Inc. (CSI). The system will
In.order.to better track inventory, GBl ordered a bar-coding and tracking system which will be installed and tested by Computer Specialists, Inc. (CSI). The system will allow employees to track inventory using mobile devices and special software which will link into their new computerized accounting system. The barcode system costs $5,995 (including sales tax) and CSI will charge GBI $1,200 for the installation and tests. GB paid a deposit of $3,000 on the system and the remainder is due and payable when the system is installed. GBIl classify the bar-coding system as "Production Machinery, Equipment and Fixtures CSI installed and tested the new barcode system. The warehouse manager approved the installation and commented that she thinks it works great. GBl wrote a check to CSI for $4,195 and gave it to the installer January 1:3 January 31 Make Journal entries
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
