Question: Have only seen posts regarding an argument formed using the accounting equation. Need the journal entries, instead :) The Marchetti Soup Company entered into the

 Have only seen posts regarding an argument formed using the accounting
Have only seen posts regarding an argument formed using the accounting equation. Need the journal entries, instead :)

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 $57000 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. 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.)

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