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Cushenberry Corporation had the following transactions. 1. Sold land (cost $7,760) for $9,700. 2. Issued common stock at par for $22,200. 3. Recorded depreciation on
Cushenberry Corporation had the following transactions.
1. | Sold land (cost $7,760) for $9,700. |
2. | Issued common stock at par for $22,200. |
3. | Recorded depreciation on buildings for $15,100. |
4. | Paid salaries of $7,900. |
5. | Issued1,500shares of $1par value common stock for equipment worth $9,700. |
6. | Sold equipment (cost $11,000, accumulated depreciation $7,700) for $1,320. |
(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 |
1. | |||
2. | |||
3. | |||
4. | |||
5. | |||
6. | |||
SHOW LIST OF ACCOUNTS |
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