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Amazon.com, Inc., headquartered in Seattle, WA, started its electronic commerce businessin 1995 and expanded rapidly. The following transactions occurred during a recent year(dollars in millions):a. Issued stock for $6 cash (example).b. Purchased equipment costing $6,320, paying $4,893 in cash and charging the rest onaccount.c. Paid $513 in principal and $91 in interest expense on long-term debtd. Earned $88,988 in sales revenue; collected $87,949 in cash with the customers owing therest on account.e. Incurred $10,766 in shipping expenses, all on credit.f. Paid $28,241 cash on accounts owed to suppliers.g. Incurred $4,332 in marketing expenses; paid cash.h. Collected $620 in cash from customers paying on account.i. Borrowed $6,359 in cash as long-term debt.j. Used inventory costing $62,752 when sold to customers.k. Paid $177 in income tax recorded as an expense in the prior year.