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On July 6, 2026, the following transactions occurred in the books of different companies: Tesla Inc. purchased $100,000 of inventory on credit from SpaceX Suppliers.
On July 6, 2026, the following transactions occurred in the books of different companies:
- Tesla Inc. purchased $100,000 of inventory on credit from SpaceX Suppliers.
- SpaceX Suppliers granted a $10,000 discount to Tesla Inc. for early payment of the invoice from Transaction 1.
- Coca-Cola Company paid $45,000 in cash for marketing services provided by PepsiCo Marketing.
- PepsiCo Marketing provided $18,000 worth of advertising services to McDonald's Corporation on credit.
- McDonald's Corporation returned $8,000 worth of unused marketing materials to PepsiCo Marketing.
- IBM Corporation sold equipment for $120,000 cash to Oracle Corporation.
- Oracle Corporation paid $24,000 for consulting services provided by SAP Consulting.
- SAP Consulting granted a $2,400 discount to Oracle Corporation for prompt payment of the consulting invoice.
- Netflix Inc. received a $55,000 loan from Disney Corporation.
- Disney Corporation charged $5,500 as interest on the loan provided to Netflix Inc.
Requirement: Journalize all these transactions into a general journal.
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