Recording Entries for Contracts with Multiple Performance Obligations

Amazon.com, Inc., provides the following description of its revenue recognition policies in its second quarter of $202010-$K report.

Revenue prices charged to customers or using expected cost plus a margin.

A description of our principal revenue generating activities is as follows: delivery to a third$-$party carrier or$,$ in the case of an Amazon delivery, to the customer. in connection with contracts that exceed one year are capitalized and amortized over the contract term.

Record the July $1$ transaction described above in journal entry form.

Note: Round answers to two decimal places.