The Marchetti Soup Company entered into the following transactions during the month of June (1) purchased Inventory on account for $230,000 (assume Marchetti uses a perpetual inventory system); (2) paid $57,000 in salaries to employees for work performed during the month: (3) sold merchandise that cost $154,000 to credit customers for $285,000; (4) collected $265,000 In cash from credit customers, and (5) paid suppliers of Inventory $210,000. 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.)