value 16.66 points Brief Exercise 2-1 Transaction analysis [LO2-1] The Marchetti Soup Company entered into the following transactions during the month of June (1) purchased inventory on account for $185,000 (assume Marchetti uses a perpetual inventory system); (2) paid $48,000 in salaries to employees for work performed during the month; (3) sold merchandise that cost $136,000 to credit customers for $240,000; (4) collected $220,000 in cash from credit customers; and (5) paid suppliers of inventory S165,000. 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.) Assets Retained Earnings Liabilities Paid-in capital (1) (2) (3) (5) TI DOO F2 BO F3 F4 # $ & 1 2 3 4 5 6 7 o 14/