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Can You please help me to finish this assignment? 2,3,4,5 The Marchetti Soup Company entered into the following transactions during the month of June: (1)

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Can You please help me to finish this assignment? 2,3,4,5

The Marchetti Soup Company entered into the following transactions during the month of June: (1) purchased inventory on account for $230,000 (assume Marchetti uses a perpetual inventory system); (2) paid $57,000 in salaries to employees for work performed during the month; (3) sold merchandise that cost $154,000 to credit customers for $285,000; (4) collected $265,000 in cash from credit customers, and (5) paid suppliers of inventory $210,000. 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.) Answer is not complete. = + + Assets 230,000 Paid-in capital 0 Retained Earnings (1) $ Liabilities $ 230,000 0 0 (2) 0 0 (3) 0

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