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On August 1, 2025, the following transactions occurred: Alpha Corporation purchased $90,000 of inventory on credit from Beta Suppliers. Beta Suppliers granted a $10,000 discount

On August 1, 2025, the following transactions occurred:

  1. Alpha Corporation purchased $90,000 of inventory on credit from Beta Suppliers.
  2. Beta Suppliers granted a $10,000 discount to Alpha Corporation for early payment of the invoice from Transaction 1.
  3. Gamma Enterprises paid $50,000 in cash for marketing services provided by Delta Marketing.
  4. Delta Marketing provided $20,000 worth of advertising services to Epsilon Solutions on credit.
  5. Epsilon Solutions returned $10,000 worth of unused marketing materials to Delta Marketing.
  6. Zeta Industries sold equipment for $120,000 cash to Theta Corporation.
  7. Theta Corporation paid $16,000 for consulting services provided by Iota Consulting.
  8. Iota Consulting granted a $2,500 discount to Theta Corporation for prompt payment of the consulting invoice.
  9. Kappa Ventures received a $40,000 loan from Lambda Bank.
  10. Lambda Bank charged $4,000 as interest on the loan provided to Kappa Ventures.
  11. Xi Corporation sold $80,000 worth of products to Omicron Inc. on credit.
  12. Omicron Inc. paid $50,000 in cash to Xi Corporation for products delivered.

Please journalize these transactions for the respective companies involved.

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