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On January 1, 2025, various companies engaged in the following transactions: Alpha Corporation purchased $25,000 of raw materials on credit from Beta Suppliers. Beta Suppliers
On January 1, 2025, various companies engaged in the following transactions:
- Alpha Corporation purchased $25,000 of raw materials on credit from Beta Suppliers.
- Beta Suppliers granted a $3,000 discount to Alpha Corporation for early payment of the invoice from Transaction 1.
- Gamma Enterprises paid $18,000 in cash for advertising services provided by Delta Marketing.
- Delta Marketing provided $7,500 worth of marketing consultation services to Epsilon Solutions on credit.
- Epsilon Solutions returned $4,000 worth of unused marketing materials to Delta Marketing.
- Zeta Industries sold equipment for $35,000 cash to Theta Corporation.
- Theta Corporation paid $5,500 for consulting services provided by Iota Consulting.
- Iota Consulting granted a $800 discount to Theta Corporation for prompt payment of the consulting invoice.
- Kappa Ventures received a $12,000 loan from Lambda Bank.
- Lambda Bank charged $1,200 as interest on the loan provided to Kappa Ventures.
Please journalize these transactions for the respective companies involved.
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