The following events apply to Gulf Seafood for the Year 1 fiscal year: 1. The company started when it acquired $33,000 cash by issuing common stock.
2. Purchased a new cooktop that cost $13,200 cash.
3. Earned $22,400 in cash revenue.
4. Paid $14,400 cash for salaries expense.
5. Adjusted the records to reflect the use of the cooktop.
6. Purchased on January 1, Year 1, the cooktop has an expected useful life of five years and an estimated salvage value of $2,800.
7. Use straight-line depreciation.
8. The adjusting entry was made as of December 31, Year 1.
Required:
Record the events in general journal format and post to T-accounts.

in 2001, dell computer became the world’s largest personal computer vendor, continuing to

gain market share and post profits in an industry struggling with slumping sales and billions of

dollars in losses. dell sells 90% of its pcs directly to the final customer, largely bypassing the

reseller channel that accounts for most of the world’s pc sales. this direct customer relationship

is the key to dell’s business model, and provides distinct advantages over the indirect sales

model. dell’s direct relationship with the customer allows it to tailor its offerings to customer

needs, offer add-on products and services, and use the internet to offer a variety of customer

services. in addition, dell’s pcs are built to customers’ specifications upon receipt of an order,

giving dell additional advantages over indirect pc vendors who must try to forecast demand and

ship products based on those forecasts. dell’s direct sales and build-to-order model has achieved

superior performance in the pc industry in terms of inventory turnover, reduced overhead, cash

conversion, and return on investment (kraemer, et al., 2000).

explanation:

answer; complain or request hazard correction from your employer;

answerall of the above;