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The Marchetti Soup Company entered into the following transactions during the month of June purchased...

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Accounting

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The Marchetti Soup Company entered into the following transactions during the month of June purchased inventory on account for $200.000 (assume Marchetti uses a perpetual inventory system); (2) paid $51,000 in salaries to employees for work performed during the month: (3) sold merchandise that cost $142.000 to credit customers for $255.000; (4) collected 5235,000 in cash from credit customers; and (5) paid suppliers of inventory $180,000, Analyze each transaction and show the effect of each on the accounting equation for a corporation. (Amounts to be deducted should be indicated by a minus sign. Enter the net change on the accounting equation.) Liabilities Pald-in capital Retained Earnings (1) $ (2) (3) (4) (5) Assets 200,000 51.000 142.000 235,000 180.000

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