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Amazon.com, Inc. Transactions for the month of March 2025: Issued $20,000 worth of common stock. Purchased inventory on credit for $10,000. Paid $5,000 for rent.

Amazon.com, Inc.

Transactions for the month of March 2025:

  1. Issued $20,000 worth of common stock.
  2. Purchased inventory on credit for $10,000.
  3. Paid $5,000 for rent.
  4. Sold goods costing $12,000 for $30,000 on credit.
  5. Paid $7,000 in salaries.
  6. Paid $2,000 for utilities.
  7. Collected $25,000 from customers on account.
  8. Paid $8,000 for advertising.

Required:

  1. Prepare the journal entries for the above transactions.
  2. Post the journal entries to the Ledger Accounts.
  3. Prepare the Trial Balance as at 31 March 2025.

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