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On July 13, 2026, the following transactions occurred in the books of different companies: Apple Inc. purchased $170,000 of inventory on credit from Samsung Suppliers.
On July 13, 2026, the following transactions occurred in the books of different companies:
- Apple Inc. purchased $170,000 of inventory on credit from Samsung Suppliers.
- Samsung Suppliers granted a $17,000 discount to Apple Inc. for early payment of the invoice from Transaction 1.
- Microsoft Corporation paid $80,000 in cash for marketing services provided by Google Marketing.
- Google Marketing provided $32,000 worth of advertising services to Amazon.com Inc. on credit.
- Amazon.com Inc. returned $15,000 worth of unused marketing materials to Google Marketing.
- Facebook Inc. sold equipment for $260,000 cash to Twitter Inc.
- Twitter Inc. paid $52,000 for consulting services provided by LinkedIn Corporation.
- LinkedIn Corporation granted a $5,200 discount to Twitter Inc. for prompt payment of the consulting invoice.
- Uber Technologies Inc. received a $130,000 loan from Lyft Inc.
- Lyft Inc. charged $13,000 as interest on the loan provided to Uber Technologies Inc.
Requirement: Journalize all these transactions into a general journal.
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