The Marchetti Soup Company entered into the following transactions during the month of June: (1) purchased inventory on account for $190,000 (assume Marchetti uses a perpetual inventory system); (2) paid $49,000 in salaries to employees for work performed during the month; (3) sold merchandise that cost $138,000 to credit customers for $245,000; (4) collected $225,000 in cash from credit customers; and (5) paid suppliers of inventory $170,000 Prepare journal entries for each of the above transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet Transaction General Journal Debit Credit No (1) 1 Inventory 190,000 Salaries payable 49,000