Issued stock for $$623$ cash $($example$).$

Purchased equipment costing $$6,320,$ paying $$4,893$ in cash and charging the rest on account.

Paid $$5,000$ in principal and $$300$ in interest expense on long$-$term debt.

Earned $$280,522$ in sales revenue; collected $$223,949$ in cash with the customers owing the rest on their Amazon credit card accounts.

Incurred $$25,249$ in shipping expenses, all on credit.

Paid $$118,241$ cash on accounts owed to suppliers.

Incurred $$18,878$ in marketing expenses; paid cash.

Collected $$38,200$ in cash from customers paying on their Amazon credit card accounts.

Borrowed $$16,231$ in cash as long$-$term debt.

Used inventory costing $$165,536$ when sold to customers. $($The expense title for the using up of inventory sold to customers is Cost of Goods Sold.$)$

Paid $$830$ in income tax recorded as an expense in the prior year.