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6 Required information The following information applies to the questions displayed below) The following events apply to Gulf Seafood for the Year 1 fiscal year, le company started when it acquired $38,000 cash by issuing common doce urchased a new cooktop that cost $13,200 cash arned $23,900 in cash revenue 4. Paid $12.900 cash for salaries expense. S. Adjusted the records to reflect the use of the cooktop, Purchased on Juary Yearth cocop 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 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 $38,000 cash by issuing common stock 2. Purchased a new cooktop that cost $13,200 cash. 3. Earned $23,900 in cash revenue. 4. Paid $12.900 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 a. Record the events in general journal format and post to T-accounts. Complete this question by entering your answers in the tabs below. Req A1 Reg A2 Post the events to T-accounts. Cash Beginning Balance Equipment - Cooktop Beginning Balance Ending Balance Ending Balance Accumulated Depreciation Beginning Balance Common Stock Beginning Balance Ending Balance Ending Balance Sales Revenue Salaries Expense Beginning Balance Beginning Balance Ending Balance Ending Balance Depreciation Expense Beginning Balance Ending Balance

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