Question

Apple Inc.'s iTunes provides digital products, such as music, video, and software, which can be downloaded to portable devices such as the iPhone and iPad"". Purchases from iTunes are made with credit cards that are on file with the credit card processing com pany. Such transactions are considered cash transactions. Once the purchases are made, consumers can download the requested digital products to their portable devices for their enjoyment and the charges will show up on their credit card bills.

A. What kind of e-commerce application is described by Apple
B. Assume you purchased 12 songs for $1.25 each on iTunes Provide the journal generated by Apple's e-commerce application.
C. If a special Journal were used , what type of special Journal would be used this sales transaction?
D. If an electronic form were used, what type of electronic form would be to record this sales transaction?
E. Would it be appropriate for Apple to use either special journals or electronic for sales transactions from iTunes? Explain

Answer 1

Apple Inc.'s iTunes is a digital distribution platform that falls under the digital content e-commerce category. Transactions made on iTunes can be recorded using a Sales Journal or electronic forms, providing an organized and efficient way to track sales transactions.

Step-by-step explanation:

A. The e-commerce application described by Apple is a digital distribution platform where users can purchase and download digital products such as music, video, and software. This type of e-commerce is known as digital content e-commerce.

B. Assuming you purchased 12 songs for $1.25 each on iTunes, the journal generated by Apple's e-commerce application would be:

1. Debit: Digital Product Sales (12 songs x $1.25) = $15.00
2. Credit: Accounts Receivable (amount charged to credit cards)

C. For this sales transaction, a special journal called the Sales Journal would be used to record the details of the transaction.

D. If an electronic form were used, a transaction record or receipt generated by the e-commerce application would be the electronic form to record this sales transaction.

E. It would be appropriate for Apple to use special journals or electronic forms for sales transactions from iTunes as they provide an organized and efficient way to record and track sales transactions.