1. The company started when it acquired $60,000 cash by issuing common stock. 2. Purchased a new cooktop that cost $40,000 cash. 3. Earned $72,000 in cash revenue. 4. Paid $25,000 cash for salaries expense. 5. Adjusted the records to reflect the use of the cooktop. Purchased on January 1, Year 1, the cooktop has an expected useful life of four years and an estimated salvage value of $4,000. Use straight-line depreciation. The adjusting entry was made as of December 31 , Year 1. Required a. Record the events in general journal format and post to T-accounts. Complete this question by entering your answers in the tabs below. Record the events in general journal. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record entry for issuance of common stock. Note: Enter debits before credits. Required a. Record the events in general journal format and post to T-accounts. Complete this question by entering your answers in the tabs below. Post the events to T-accounts