The Marchetti Soup Company entered into the following transactions during the month of June: (1) purchased inventory on account for $155,000 (assume Marchetti uses a perpetual inventory system); (2) paid $42,000 in salaries to employees for work performed during the month; (3) sold merchandise that cost $124,000 to credit customers for $210,000; (4) collected $190,000 in cash from credit customers; and (5) paid suppliers of inventory $135,000. 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.)

Assets=Liabilities+Paid-in capital+Retained Earnings

(1)

(2)

(3)

(4)

(5)