Beg bal. Salaries expense 40,000 End. bal 40.000

Brief Exercise 2-3 (Static) T-accounts (L02-4J The Marchetti Soup Company entered into the following transactions during the month of June: purchased mventory on accomt for S16SDOO {assume Marchetti uses a inventory System); paid S40.OOO in Salaries to employees for performed the month: P) sold merchandise that cost $120,000 to credit customers for $200000; (4) collected 580.000 in cash from credit customers; and (5) paid suppliers of inventory S14SOOO. Post the above transactions to the below Taccounts. Assume that the opening balances in each of the accounts is zero except COSh. receivable, and accounts payable that had opening balances Of and "2.000. (Enter transaction number In the column next to the amount.)