The Marchetti Soup Company entered into the following transactions during the month of June: (1) purchased inventory on account for $190,000 (assume Marchetti uses a perpetual inventory system); (2) paid $49,000 in salaries to employees for work performed during the month; (3) sold inventory on account to customers for $245,000 that had a cost of $138,000;(4) collected $225,000 in cash from credit customers; and (5) paid on account to suppliers of inventory $170,000. Prepare journal entries for each of the above transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the cost of inventory sold for $138,000. Note: Enter debits before credits. The Marchetti Soup Company entered into the following transactions during the month of June: (1) purchased inventory on account for $190,000 (assume Marchetti uses a perpetual inventory system); (2) paid $49,000 in salaries to employees for work performed during the month; (3) sold inventory on account to customers for $245,000 that had a cost of $138,000; (4) collected $225,000 in cash from credit customers; and (5) paid on account to suppliers of inventory $170,000. Prepare journal entries for each of the above transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the sale of inventory on account to customers for $245,000. Note: Enter debits before creans. The Marchetti Soup Company entered into the following transactions during the month of June: (1) purchased inventory on account for $190,000 (assume Marchetti uses a perpetual inventory system); (2) paid $49,000 in salaries to employees for work performed during the month; (3) sold inventory on account to customers for $245,000 that had a cost of $138.000; (4) collected $225,000 in cash from credit customers; and (5) paid on account to suppliers of inventory $170,000. Prepare journal entries for each of the above transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 56 Purchased inventory on account for $190,000 (assume Marchetti uses a perpetual inventory system). Note: Enter debits before credits. The Marchetti Soup Company entered into the following transactions during the month of June: (1) purchased inventory on account for $190,000 (assume Marchetti uses a perpetual inventory system); (2) paid $49,000 in salaries to employees for work performed during the month; (3) sold inventory on account to customers for $245,000 that had a cost of $138,000;(4) collected $225,000 in cash from credit customers; and (5) paid on account to suppliers of inventory $170,000. Prepare journal entries for each of the above transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet The Marchetti Soup Company entered into the following transactions during the month of June: (1) purchased inventory on account for $190,000 (assume Marchetti uses a perpetual inventory system); (2) paid $49,000 in salaries to employees for work performed during the month; ( 3 ) sold inventory on account to customers for $245,000 that had a cost of $138,000; (4) collected $225,000 in cash from credit customers; and (5) paid on account to suppliers of inventory $170,000. Prepare journal entries for each of the above transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Paid on account to suppliers of inventory $170,000. Notel inter debits before credits. The Marchetti Soup Company entered into the following transactions during the month of June: (1) purchased inventory on account for $190,000 (assume Marchetti uses a perpetual inventory system); (2) paid $49,000 in salaries to employees for work performed during the month; (3) sold inventory on account to customers for $245,000 that had a cost of $138,000; (4) collected $225,000 in cash from credit customers; and (5) paid on account to suppliers of inventory $170,000. Prepare journal entries for each of the above transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Note: Enter debits before credits