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Amazon Inc. provided the following transactions for the month of June 2024: June 1: Received $500,000 in cash as investment from shareholders. June 5: Purchased
Amazon Inc. provided the following transactions for the month of June 2024:
- June 1: Received $500,000 in cash as investment from shareholders.
- June 5: Purchased inventory worth $150,000 on credit.
- June 10: Sold merchandise for $300,000 in cash.
- June 15: Paid $50,000 in cash for operating expenses.
- June 20: Received $200,000 in cash from customers on account.
- June 25: Paid $100,000 in cash for salaries.
- June 30: Collected $100,000 in cash from customers for services provided.
Prepare the general ledger accounts, income statement, and trial balance as of June 30, 2024, for Amazon Inc.
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