The Marchetti Soup Company entered into the following transactions during the month of June: (purchased inventory on account for $235.000 (assume Marchetti uses a perpetual inventory system (2) paid $58,000 in salaries to employees for work performed during the month; (3) sold merchandise that cost $156.000 to credit customers for $290,000 (4) collected $270,000 in cash from credit customers; and (5) paid suppliers of inventory $215,000. Analyze each transaction and show the effect of each on the accounting equation for a corporation. (Amounts to be deducted should be indicated by a minus sign. Enter the net change on the accounting equation) ULO, Medran Hal Connect Homework Saved Help Save & Exit Su Check my wc The Marchetti Soup Company entered into the following transactions during the month of June (1) purchased inventory on account for $235,000 (assume Marchetti uses a perpetual inventory system (2) paid $58,000 in salaries to employees for work performed during the month: (3) sold merchandise that cost $156,000 to credit customers for $290,000: (4) collected $270,000 in cash from credit customers, and (5) paid suppliers of inventory $215,000 Analyze each transaction and show the effect of each on the accounting equation for a corporation. (Amounts to be deducted should be indicated by a minus sign. Enter the net change on the accounting equation.) Pald-in capital Retained Earnings Liabilities $ 235,000 $ (1) (2) Assets 235,000 (58,000) 290,000 (58,000) 290.000 (3) (4) (5) (215,000) (215,000) Proy Next >