The Marchetti Soup Company entered into the following transactions during the month of June: (1) purchased Inventory on account for $180,000 (assume Marchetti uses a perpetual inventory system); (2) paid $47,000 in salaries to employees for work performed during the month; (3) sold merchandise that cost $134,000 to credit customers for $235,000; (4) collected $215,000 in cash from credit customers; and (5) paid suppliers of Inventory $160,000. 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.)