BE 2-1 Transaction analysis LO2-1 The Marchetti Soup Company entered into the following transactions during the month of June (1) purchased inventory on account for $165,000 (assume Marchetti uses a perpetual inventory system); (2) paid $40,000 in salaries to employees for work performed during the month: (3) sold merchandise that cost $120,000 to credit customers for $200,000; (4) collected $180.000 in cash from credit customers, and (5) paid suppliers of inventory $145.000. Analyze each transaction and show the effect of each on the accounting equation for a corporation BE 2-2 Journal entries LO2-3 BE 2-1. Prepare journal entries for each of the transactions listed in