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Transaction 1) Purchased a new computer system on account for $328 2) Purchased $131 of marketable securities (short-term/current). 3) Paid the vendor for the
Transaction 1) Purchased a new computer system on account for $328 2) Purchased $131 of marketable securities (short-term/current). 3) Paid the vendor for the new computer system invoice in cash (See (1)). 4) Sold goods for $9,617 in cash. The cost of goods to Amazon were $7,807. 5) Provided business services for $6,686 in accounts receivables due in six months and paid $3,882 in cash to the engineers that provided the services today. 6) Received $13,759 advances from customers for the use of cloud space on AWS for the next 2 months. 7) Recognized $13,759 that was received in advance from customers (see (6)) as revenue. 8) Recognized $208 of prepaid expenses as marketing expense in this period. 9) Jeff Bezos stepped down and Andy Jassy became the CEO of Amazon. 10) Paid $8,269 of accounts payable. 11) Accrued general and administrative expenses amounting to $5,142. Assets Liabilities Equity Net Income CA NCA CL NCL
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