The Cougar Creamery enters into the following transactions during the month of June:

Purchase inventory on account for $$215,000$

Pay $$54,000$ in salaries to employees for work performed during the monthly

Sell merchandise that cost $$148,000$ to customers on account for $$270,000$

Collect $$250,000$ in cash from customers on account; and

Pay for inventory previously purchased on account for $$195,000.$

Analyze each transaction and show the effects of each on the accounting equation. Note: Amounts to be deducted should be indicated by a minus sign.

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