The Marchett Soup Company entered into the following transactions during the month of June: (1) purchased inventory on account for $220,000 (assume Marchetti uses a perpetual inventory system): (2) paid $55,000 in salaries to employees for work performed during the month; (3) sold merchandise that cost $150,000 to credit customers for $275,000: (4) collected $255,000 in cash from credit
customers; and (5) paid suppliers of inventory $200,000, Post the above transactions to the below T-accounts. Assume that the opening balances in each of the accounts is zero except for
cash, accounts receivable, and accounts payable that had opening balances of $72,500, $58,000, and $37.000, respectively