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On June 1, 2026, the following transactions occurred: Ferrari Corporation purchased $460,000 of inventory on credit from Lamborghini Suppliers. Lamborghini Suppliers granted a $46,000 discount
On June 1, 2026, the following transactions occurred:
- Ferrari Corporation purchased $460,000 of inventory on credit from Lamborghini Suppliers.
- Lamborghini Suppliers granted a $46,000 discount to Ferrari Corporation for early payment of the invoice from Transaction 1.
- Porsche Enterprises paid $230,000 in cash for marketing services provided by Maserati Marketing.
- Maserati Marketing provided $92,000 worth of advertising services to Bugatti Services on credit.
- Bugatti Services returned $46,000 worth of unused marketing materials to Maserati Marketing.
- Aston Martin Industries sold equipment for $510,000 cash to Bentley Corporation.
- Bentley Corporation paid $80,000 for consulting services provided by Rolls-Royce Consulting.
- Rolls-Royce Consulting granted a $14,000 discount to Bentley Corporation for prompt payment of the consulting invoice.
- Jaguar Ventures received a $210,000 loan from Land Rover Bank.
- Land Rover Bank charged $21,000 as interest on the loan provided to Jaguar Ventures.
- Tesla Corporation sold $460,000 worth of products to SpaceX Inc. on credit.
- SpaceX Inc. paid $368,000 in cash to Tesla Corporation for products delivered.
Please journalize these transactions for the respective companies involved.
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