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On February 1, 2026, the following transactions occurred: Apex Corporation purchased $230,000 of inventory on credit from Bright Suppliers. Bright Suppliers granted a $25,000 discount

On February 1, 2026, the following transactions occurred:

  1. Apex Corporation purchased $230,000 of inventory on credit from Bright Suppliers.
  2. Bright Suppliers granted a $25,000 discount to Apex Corporation for early payment of the invoice from Transaction 1.
  3. Celestial Enterprises paid $120,000 in cash for marketing services provided by Dynamic Marketing.
  4. Dynamic Marketing provided $50,000 worth of advertising services to Epoch Solutions on credit.
  5. Epoch Solutions returned $25,000 worth of unused marketing materials to Dynamic Marketing.
  6. FutureTech Industries sold equipment for $280,000 cash to Galaxy Corporation.
  7. Galaxy Corporation paid $45,000 for consulting services provided by Insight Consulting.
  8. Insight Consulting granted a $8,000 discount to Galaxy Corporation for prompt payment of the consulting invoice.
  9. Justice Corporation received a $100,000 loan from Keystone Bank.
  10. Keystone Bank charged $10,000 as interest on the loan provided to Justice Corporation.
  11. Liberty Corporation sold $230,000 worth of products to Millennium Inc. on credit.
  12. Millennium Inc. paid $190,000 in cash to Liberty Corporation for products delivered.

Please journalize these transactions for the respective companies involved.

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