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The Marchetti Soup Company entered into the following transactions during the month of June: ( 1 ) purchased inventory on account for $ 1 8
The Marchetti Soup Company entered into the following transactions during the month of June: purchased inventory on account for $assume Marchetti uses a perpetual inventory system; paid $ in salaries to employees for work performed during the month; sold inventory on account to customers for $ that had a cost of $; collected $ in cash from credit customers; and paid on account to suppliers of inventory $
Analyze each transaction and show the effect of each on the accounting equation for a corporation.
Note: Amounts to be deducted should be indicated by a minus sign. Enter the net change on the accounting equation.
tableAssets,Liabilities,Paidin capital,Retained Earnings
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