On July Azure Corporation enters into an agreement with one of its customers, Madsen, Inc. to provide them with units at a cost of $ per unit. Madsen sends a cash deposit of $ on the same
day. Azure sends the first units on August with an invoice for $ due September The remaining units are delivered on October along with an invoice for the remaining amount of the
otal $ purchase price, due October Madsen made all payments on the invoice due dates.
Assume that Azure Corporation had no uncertainties about its own ability to meet the terms of the agreement or about Madsen, Inc.s ability and willingness to pay. Report the events described above in the
inancial statement effects template leaving out the accounting for Azure's costs
Note: Use negative signs with your answers, when appropriate.
Note: Select NA as your answer if a part of the accounting equation is not affected.
