Cullumber Company had the following transactions. 1. Sold land (cost $7,200) for $9,000. 2. Issued common stock at par for $20,000. 3. Recorded depreciation on buildings for $12,000. 4. Paid salaries of $6,000. 5. Issued 1,000 shares of $1 par value common stock for equipment worth $8,000. 6. Sold equipment (cost $10,000, accumulated depreciation $7,000) for $1,200. (a) For each transaction above, prepare the journal entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 2