Shows what is correct or incorrect for the work you have completed so far. It does not indicate 1 1 The Marchetti Soup Company entered into the following transactions during the month of June (1) purchased Inventory on account for $190,000 (assume Marchetti uses a perpetual Inventory system): (2) paid $49,000 in salaries to employees for work performed during the month: (3) sold merchandise that cost $138,000 to credit customers for $245,000; (4) collected $225,000 in cash from credit customers, and (5) paid suppliers of inventory $170,000 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.) points Answer is not complete. Assets 190.000 $ Paid-in capital (1) (2) Liabilities $ (190,000) (49,000) Retained Earnings (3) (4) (5) 138.000 225,000 245.000 225.000 170,000