Chrome File Edit View History Bookmarks Profiles Tab Window Help Q 8 Sun Oct 17 7:42 PM Assignments: Fundamentals of X Question 2 - FIN Chapter 8 HW X G how to screenshot on mac - Gc x Homework Help - Q&A from Or x ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmhepr... ABP B m Chapter 8 HW i Saved Help Save & Exit Submit Check my work 2 Required information Exercise 8-7A (Algo) Effect of depreciation on the accounting equation and financial statements LO 8-2 1 of 4 [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 $17,000 cash by issuing common stock. 2. Purchased a new cooktop that cost $16,800 cash. 3. Earned $23,400 in cash revenue. 4. Paid $11,900 cash for salaries expense. 04:13:42 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 four years and an estimated salvage value of $2,400. Use straight-line depreciation. The adjustment was made as of December 31, Year 1. Book Print Exercise 8-7A (Algo) Part a Required a. Record the above transactions in a horizontal statements model. (In the Statement of Cash Flows column, use the initials (OA), an investing activity (IA), a financing activity (FA) and net change in cash (NC). Enter any decreases to account balances and cash outflows with a minus sign. Not all cells require input.) GULF SEAFOOD Horizontal Statements Model Balance Sheet Income Statement Event Assets = Stockholder's Equity Statement of Cash Revenue Expense Net Income Flows 226 OCT 2 17 IMG_3041.heicChrome File Edit View History Bookmarks Profiles Tab Window Help Q 8 Sun Oct 17 7:42 PM Assignments: Fundamentals of X Question 2 - FIN Chapter 8 HW X G how to screenshot on mac - Gc x Homework Help - Q&A from Or x ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmhepr... ABP B m Chapter 8 HW i Saved Help Save & Exit Submit Check my work 2 Exercise 8-7A (Algo) Part a 1 of 4 Required a. Record the above transactions in a horizontal statements model. (In the Statement of Cash Flows column, use the initials (OA), an investing activity (IA), a financing activity (FA) and net change in cash (NC). Enter any decreases to account balances and cash outflows with a minus sign. Not all cells require input.) 04:13:37 GULF SEAFOOD Horizontal Statements Model Balance Sheet Income Statement Book Assets = Stockholder's Equity Statement of Cash Event Revenue Expense Net Income Flows Print Cash + Equipment Common Retained 11 (BV) Stock Earnings 1. + 11 1I + + 11 11 2. + 3 4 II + 5 11 11 11 Bal. + + OCT 2 17 atv IMG_3041.heic