journal entry for A-E

Required information [The following information applles to the questions displayed below] The following events apply to Gulf Seafood for the Year 1 fiscal year: 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.) Record the events in general journal. (If no entry is required for a transact account field.) A Record entry for issuance of common stock. B Record purchase of equipment for cash. C Record cash received from revenue. D Record cash paid for salaries expenses. E Record depreciation expense. Note: = journal entry has been entered Post the events to T-accounts