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dequired information The following information applies to the questions displayed below.) The following events apply to Gulf Seafood for the 2018 fiscal year. 1. The

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dequired information The following information applies to the questions displayed below.) The following events apply to Gulf Seafood for the 2018 fiscal year. 1. The company started when it acquired $16.000 cash by issuing common stock. 2. Purchased a new cooktop that cost $13,500 cash. 3. Earned $21.000 in cash revenue. 4. Paid $1.000 cash for salaries expense. 5. Adjusted the records to reflect the use of the cooktop. Purchased on January 1, 2018, the cooktop has an expected useful We of four years and an estimated salvage value of $2,300 Use straight-line depreciation. The adjusting entry was made as of December 31, 2018 d the above transactions in a horizontal statements model like the following one. In the Cash Flow column, indicate ther the item is an operating activity (OA), an investing activity (1A), a financing activity (FA) and net change in cash If the element is not affected by the event, leave the cell blank. Enter any decreases to account balances and cash lows with a minus sign.) GULF SEAFOOD Horizontal Statements Model Statement of Cas Equity Common Retained Net Income Cash - Equipment MacBook Air

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