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