The Marchetti Soup Company entered into the following transactions during the month of June (1) purchased inventory on account for $240,000 (assume Marchetti uses a perpetual inventory system); (2) paid $59,000 in salaries to employees for work performed during the month: (3) sold merchandise that cost $158,000 to credit customers for $295,000 (4) collected $275,000 in cash from credit customers; and (5) paid suppliers of inventory $220,000. 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.) View transaction list Journal entry worksheet 1 2 3 4 5 6 > Purchased inventory on account for $240,000 (assume Marchetti uses a perpetual inventory system). Note: Enter debits before credits. Debit General Journal Transaction Credit HAN UBE 2 of 7