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On March 1, 2026, the following transactions occurred: Apex Corporation purchased $280,000 of inventory on credit from Bright Suppliers. Bright Suppliers granted a $30,000 discount
On March 1, 2026, the following transactions occurred:
- Apex Corporation purchased $280,000 of inventory on credit from Bright Suppliers.
- Bright Suppliers granted a $30,000 discount to Apex Corporation for early payment of the invoice from Transaction 1.
- Celestial Enterprises paid $150,000 in cash for marketing services provided by Dynamic Marketing.
- Dynamic Marketing provided $60,000 worth of advertising services to Epoch Solutions on credit.
- Epoch Solutions returned $30,000 worth of unused marketing materials to Dynamic Marketing.
- FutureTech Industries sold equipment for $320,000 cash to Galaxy Corporation.
- Galaxy Corporation paid $50,000 for consulting services provided by Insight Consulting.
- Insight Consulting granted a $9,000 discount to Galaxy Corporation for prompt payment of the consulting invoice.
- Justice Corporation received a $120,000 loan from Keystone Bank.
- Keystone Bank charged $12,000 as interest on the loan provided to Justice Corporation.
- Liberty Corporation sold $280,000 worth of products to Millennium Inc. on credit.
- Millennium Inc. paid $230,000 in cash to Liberty Corporation for products delivered.
Please journalize these transactions for the respective companies involved.
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