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can someone help me with this accounting The following events apply to Gulf Seafood for the Year 1 fiscal year: 1. The company started when
can someone help me with this accounting
The following events apply to Gulf Seafood for the Year 1 fiscal year: 1. The company started when it acquired $18,000 cash by issuing common stock. 2. Purchased a new cooktop that cost $15,900 cash. 3. Earned $22,000 in cash revenue. 4. Paid $13,000 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 $2,100. Use straight-line depreciation. The adjustment was made as of December 31 , Year 1 Step by Step Solution
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