The following events apply to Gulf Seafood for the Year 1 fiscal year 1. The company started when it acquired $32,000 cash by issuing common stock 2. Purchased a new cooktop that cost $14,200 cash 3. Earned $23,400 in cash revenue. 4 Paid $13,400 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 $3,300. Use straight-line depreciation. The adjusting entry was made as of December 31. Year 1. Required information Journal entry worksheet Required information Journal entry worksheet D E Record purchase of equipment for cash. Note: Enter debits before credits General Journal Debit Credit Event 2 Record entry Clear entry View general journal search a est (graded) Seved Required information Journal entry worksheet Record cash paid for salaries expenses. Note: Enter debits before credits Event General Journal Debit Credit 4 Record entry Clear entry View general journal 8 Test (graded i Savod Required information Cash Equipment-Cooktop Beg Bal Beg Bal Bf6 End Bal End Bal Accumulated Depr. Gommon Stock Beg Bal Beg Bal End Bal End Bal Sales Revenue Salaries Expense Beg Bal Beg. Bal End Bal End. Bal Prey 8 Sa 12 of 20 !!! Next > Depreciation Expense Beg Bal End. Bal