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The Marchetti Soup Company entered into the following transactions during the month of June: (1) purchased inventory on account for $175,000 (assume Marchetti uses a

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The Marchetti Soup Company entered into the following transactions during the month of June: (1) purchased inventory on account for $175,000 (assume Marchetti uses a perpetual inventory system); (2) paid $46,000 in salaries to employees for work performed during the month; (3) sold inventory on account to customers for $230,000 that had a cost of $132,000; (4) collected $210,000 in cash from credit customers; and (5) paid on account to suppliers of inventory $155,000. Post the above transactions to the below T-accounts. Assume that the opening balances in each of the accounts is zero except for cash, accounts recelvable, and accounts payable that had opening balances of $68,000,$49,000, and $28,000, respectively. Note: Enter the transaction number in the column next to the amount

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