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On December 1, 2025, the following transactions occurred: Apex Corporation purchased $170,000 of inventory on credit from Bright Suppliers. Bright Suppliers granted a $20,000 discount
On December 1, 2025, the following transactions occurred:
- Apex Corporation purchased $170,000 of inventory on credit from Bright Suppliers.
- Bright Suppliers granted a $20,000 discount to Apex Corporation for early payment of the invoice from Transaction 1.
- Celestial Enterprises paid $90,000 in cash for marketing services provided by Dynamic Marketing.
- Dynamic Marketing provided $40,000 worth of advertising services to Epoch Solutions on credit.
- Epoch Solutions returned $20,000 worth of unused marketing materials to Dynamic Marketing.
- FutureTech Industries sold equipment for $220,000 cash to Galaxy Corporation.
- Galaxy Corporation paid $35,000 for consulting services provided by Insight Consulting.
- Insight Consulting granted a $6,000 discount to Galaxy Corporation for prompt payment of the consulting invoice.
- Justice Corporation received a $80,000 loan from Keystone Bank.
- Keystone Bank charged $8,000 as interest on the loan provided to Justice Corporation.
- Liberty Corporation sold $160,000 worth of products to Millennium Inc. on credit.
- Millennium Inc. paid $130,000 in cash to Liberty Corporation for products delivered.
Please journalize these transactions for the respective companies involved.
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