The Skywalker Podracer Company entered into the following transactions during the month of May (1purchased inventory on account for $195,000 (assume Skywalker uses a perpetual inventory system); (2) paid $50,000 in salaries to employees for work performed during the month; (3) sold merchandise that cost $140,000 to credit customers for $250,000; (4) collected $230,000 in cash from credit customers; and (5) paid suppliers of inventory $175,000. 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 $195,000 (assume Marchetti uses a perpetual inventory system). Note: Enter debits before credits General Journal Debit Credit Transaction (1) Record entry Clear entry View general Journal