The Marchetti Soup Company entered into the following transactions during the month of June: (a) purchased inventory on account for $235,000 (assume Marchetti uses a perpetual inventory system); (b) paid $58,000 in salaries to employees for work performed during the month; (c) sold merchandise that cost $156,000 to credit customers for $290,000; (d) collected $270,000 in cash from credit customers; and (e) paid suppliers of inventory $215,000.

Post the above transactions in the T-accounts given below. Assume that the opening balances in each of the accounts is zero except for cash, accounts receivable, and accounts payable that had opening balances of $74,000, $61,000, and $40,000, respectively.