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The Marchetti Soup Company entered into the following transactions during the month of June: (0 purchased inventory on accoun $165,000 (assume Marchetti uses a perpetual

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The Marchetti Soup Company entered into the following transactions during the month of June: (0 purchased inventory on accoun $165,000 (assume Marchetti uses a perpetual inventory system); (2) paid $40,000 in salaries to employees for work performed du 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 Post the above transactions to the below T-accounts. Assume that the opening balances in each of the accounts is zero except for eceivable, and accounts payable that had opening balances of $65.000, $43,000, and $22.000, respectively. (Ent the transaction number in the column next to the amount.) Accounts Receivable Beg bal Beg bal End ba End bal Inventory Accounts Payable Beg bal Beg bal End bal End bal Drav3 of 6 Next>

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