Question: Can You please help me to finish this assignment? 2,3,4,5 The Marchetti Soup Company entered into the following transactions during the month of June: (1)

 Can You please help me to finish this assignment? 2,3,4,5 The

Can You please help me to finish this assignment? 2,3,4,5

The Marchetti Soup Company entered into the following transactions during the month of June: (1) purchased inventory on account for $230,000 (assume Marchetti uses a perpetual inventory system); (2) paid $57,000 in salaries to employees for work performed during the month; (3) sold merchandise that cost $154,000 to credit customers for $285,000; (4) collected $265,000 in cash from credit customers, and (5) paid suppliers of inventory $210,000. 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.) Answer is not complete. = + + Assets 230,000 Paid-in capital 0 Retained Earnings (1) $ Liabilities $ 230,000 0 0 (2) 0 0 (3) 0

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