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Brums [2.3K]
3 years ago
15

The Marchetti Soup Company entered into the following transactions during the month of June:

Business
1 answer:
sammy [17]3 years ago
3 0

Answer:

Kindly find the following transactions of  Marchetti Soup Company during the month of June below in the Explanation section

Explanation:

Solution

 Transaction      Account Title              Debit       Credit

    1.                   Inventory              165,000

                          Accounts payable                     165,000

    2.             Salaries expense            40,000

                                    Cash                                 40,000

    3.             Accounts receivable      200,000

                                    Sales                                200,000

               Cost of merchandise sold   120,000  

                                Inventory                              120,000

     4                            Cash                 180,000  

                           Accounts receivable                 180,000

     5                  Accounts payable      145,000  

                                   Cash                                   145,000

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Answer:

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What her accounting cost will be during the first year of operation.

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