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Required information Skip to question [The following information applies to the questions displayed below.] The following events apply to Gulf Seafood for the 2016 fiscal
Required information Skip to question [The following information applies to the questions displayed below.] The following events apply to Gulf Seafood for the 2016 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, 2016, the
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