true or false

Transaction 1 (Olympic Protective Gear): On September 1, GBI created a purchase order of 60 OHMTs at $20 each from Olympic Protective Gear, terms 1/15, n/45. The purchase order's inventory was received in full from Olympic on September 5 and invoiced by the vendor on September 6. GBI paid the invoice on September 25. Transaction 2 (Dallas Bike Basics): On September 5, GBI created a purchase order of 40 OHMTs at $30 each from Dallas Bike Basics. The purchase order's inventory was received in full on September 8, and GBI was invoiced by the vendor on September 9. The invoice has not yet been paid. W Transaction 3 (Beantown Bikes): On September 10, GBI processed a sales order for 20 OHMT to Beantown Bikes. The standard sales price is $50 per unit, but Beantown has a standing 10% discount. The sales order was shipped on September 12, and invoiced on September 14. The customer paid for the order on September 26. The payment terms with Beantown Bikes are 2/10,n/30. Transaction 4 (Motown Bikes): On September 15, GBI processed a sales order for 10 OHMTS to Motown Bikes at the standard sales price of $50 per unit. The sales order was also picked and shipped on September 15, invoiced on September 16, and the customer paid for the order on September 18. The payment terms with Motown Bikes are 1/5, n/30. Transaction 1 would result in Inventory increasing by $1,188 (Total cost minus 1% discount). (True or False? True