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Cushenberry Corporation had the following transactions. 1. Sold land (cost $8,080) for $10,100. 2. Issued common stock at par for $20,900. 3. Recorded depreciation on
Cushenberry Corporation had the following transactions.
1. Sold land (cost $8,080) for $10,100.
2. Issued common stock at par for $20,900.
3. Recorded depreciation on buildings for $15,000.
4. Paid salaries of $6,700.
5. Issued 1,300 shares of $1 par value common stock for equipment worth $8,500.
6. Sold equipment (cost $14,500, accumulated depreciation $10,150) for $1,740.
For each transaction above, prepare the journal entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
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