The Marchetti Soup Company entered into the following transactions during the month of June (1) purchased inventory on account for $160,000 (assume Marchetti uses a perpetual inventory system); (2) paid $43,000 in salaries to employees for work performed during the month (3) sold merchandise that cost $126,000 to credit customers for $215,000; (4) collected $195,000 in cash from credit customers, and (5) paid suppliers of inventory $140,000 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 Purchased Inventory on account for $160,000 (assume Marchetti uses a perpetual Inventory system). Pald $43,000 in salaries to employees for work performed during the month. Sold merchandise to credit customers for $215,000. Record the sale. Credit Merchandise that was sold cost $126,000. Record the cost of the sale. 1 Purchased inventory on account for $160,000 (assume Marchetti uses a perpetual inventory system). 2 Paid $43,000 in salaries to employees for work performed during the month. 3 Sold merchandise to credit customers for $215,000. Record the sale. 4 Merchandise that was sold cost $126,000. Record the cost of the sale. 5 Collected $195,000 in cash from credit customers. 6 Paid suppliers of inventory $140,000