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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: (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 inventory on account to customers for $235,000 that had a cost of $134,000; (4) collected $215,000 in cash from credit customers; and (5) paid on account to suppliers of inventory $160,000.
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.
\table[[,Assets,=?t,Liabilities,+,Paid-in capital,+,Retained Earnings],[(1),,=,,+,,+,y
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