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 $15,100 cash. 3. Earned $21,900 in cash revenue. 4. Pald $14,900 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 $2,800. Use straight-line depreciation. The adjusting entry was made as of December 31, Year 1, required . Record the events in general journal format and post to T-accounts. (If no entry is required for a transaction/event, select "No ournal entry required" in the first account field.) View transactions Journal entry worksheet B D E Record entry for issuance of common stock Note: Enter debits before credits Event General Journal Debit Credit Record entry Clear entry View general journal ework Saved Required information Cash Equipment - Cooktop Beg. Bal Beg. Bal End Bal End. Bal Accumulated Depr Common Stock Beg. Bal Beg Bal End. Bal End. Bal Sales Revenue Salarios Expense Beg Bal Beg Ball End. Bal End. Bal Depreciation Expense co Depreciation Expense Beg. Bal End. Bal