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[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
[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 $36,000 cash by issuing common stock. 2. Purchased a new cooktop that cost $15,800 cash. 3. Earned $17,900 in cash revenue. 4. Paid $11.700 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 $3,100. Use straight-line depreciation. The adjusting entry was made as of December 31, Year 1. Required a. Record the events in general Journal format. (If no entry is required for a transaction/event, select "No journal entry required" the first account field.) View transaction list Journal entry worksheet A B C D E Record entry for issuance of common stock. Note: Enter debits before credits Event General Journal Record entry Clear entry View general journal
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