0.83 points Brief Exercise 2-2 Jounal entries LO2-21 The Marchetti Soup Company entered into the following transactions during the month of June (a) purchased inventory on account for $215,000 (assume Marchetti uses a perpetual inventory system); (b) paid $54,000 in salaries to employees for work performed during the month, (c) sold merchandise that cost $148.000 to credit customers for $270,000: (d) collected $250,000 in cash from credit customers; and (e) paid suppliers of inventory $195,000. Prepare journal entries for each of the above transactions. (If no entry is required for a particular transaction, select No journal entry required” in the first account field.) View transaction list View journal entry worksheet No Transaction General Journal DebitCredit Inventory Accounts payable
