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On July 1, 2026, the following transactions occurred: Coca-Cola Corporation purchased $500,000 of inventory on credit from Pepsi Suppliers. Pepsi Suppliers granted a $50,000 discount

On July 1, 2026, the following transactions occurred:

  1. Coca-Cola Corporation purchased $500,000 of inventory on credit from Pepsi Suppliers.
  2. Pepsi Suppliers granted a $50,000 discount to Coca-Cola Corporation for early payment of the invoice from Transaction 1.
  3. McDonald's Enterprises paid $250,000 in cash for marketing services provided by Burger King Marketing.
  4. Burger King Marketing provided $100,000 worth of advertising services to Wendy's Services on credit.
  5. Wendy's Services returned $50,000 worth of unused marketing materials to Burger King Marketing.
  6. Subway Industries sold equipment for $550,000 cash to Taco Bell Corporation.
  7. Taco Bell Corporation paid $88,000 for consulting services provided by KFC Consulting.
  8. KFC Consulting granted a $16,000 discount to Taco Bell Corporation for prompt payment of the consulting invoice.
  9. Starbucks Ventures received a $230,000 loan from Dunkin' Bank.
  10. Dunkin' Bank charged $23,000 as interest on the loan provided to Starbucks Ventures.
  11. Pizza Hut Corporation sold $500,000 worth of products to Domino's Inc. on credit.
  12. Domino's Inc. paid $400,000 in cash to Pizza Hut Corporation for products delivered.

Please journalize these transactions for the respective companies involved.

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