The Marchetti Soup Company entered into the following transactions during the month of June: (1) purchased inventory on account for $165,000 (assume Marchetti uses a perpetual inventory system); (2) paid $40,000 in salaries to employees for work performed during the month; (3) sold merchandise that cost $120,000 to credit customers for $200,000; (4) collected $180,000 in cash from credit customers, and (5) paid suppliers of inventory $145,000. 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 Import a new list Purchased inventory on account for $165,000 (assume / Marchetti uses a perpetual inventory system) 2 Paid $40,000 in salaries to employees for work performed during the month. 3 Sold merchandise to credit customers for $200,000. 4 Merchandise that was sold cost $120,000. 5 Collected $180,000 in cash from credit customers. 6 Paid suppliers of inventory $145,000 Credit