Required information [The following information applies 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 $39,000 cash by issuing common stock. 2. Purchased a new cooktop that cost $12,700 cash 3. Earned $20,900 in cash revenue 4. Paid $14,600 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 five years and an estimated salvage value of $2,500. Use straight-line depreciation. The adjusting entry was made as of December 31, Year 1. Req A1 Req A2 Record the events in general journal. (If no entry is required for a transaction/event, select "No journal entr account field.) View transaction list Journal entry worksheet A B C D E Record entry for issuance of common stock. ces Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet < A B C DE Record purchase of equipment for cash. Note: Enter debits before credits. Event 2 General Journal Debit Credit Record entry Clear entry View general journal account field.) View transaction list Journal entry worksheet < A B C D E Record cash received from renue. Note: Enter debits before credits. Event 3 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet nces Journal entry worksheet < A B C D Record depreciation expense. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal Required information Req A1 Req A2 6 Post the events to T-accounts. Beginning Balance oed Cash Equipment-Cooktop Beginning Balance Ending Balance Ending Balance Book Accumulated Depreciation Common Stock + Beginning Balance Beginning Balance Print Ending Balance. Ending Balance Sales Revenue Salaries Expense ferences Beginning Balance Beginning Balance Ending Balance Depreciation Expenses Beginning Balance W ANY Ending Balance Ending Balance