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Amazon.com, Inc. conducted the following transactions during March 2024: March 1: Started business with $150,000 cash. March 5: Purchased inventory for $40,000 in cash. March
Amazon.com, Inc. conducted the following transactions during March 2024:
- March 1: Started business with $150,000 cash.
- March 5: Purchased inventory for $40,000 in cash.
- March 10: Sold merchandise for $25,000 cash.
- March 15: Paid $10,000 for rent expenses.
- March 20: Received $20,000 from customers on account.
- March 25: Purchased office supplies for $3,000 on credit.
- March 30: Paid salaries to employees, $12,000.
Prepare ledger accounts for Cash, Inventory, Accounts Receivable, Rent Expense, Supplies, and Salaries Expense for Amazon.com, Inc.
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