Business, 28.01.2020 04:31 Adanysa

The marchetti soup company entered into the following transactions during the month of june:

(1) 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 $235,000 in cash from credit customers; and
(5) paid suppliers of inventory $180,000. prepare journal entries for each of the above transactions.

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The marchetti soup company entered into the following transactions during the month of june:
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