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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 $22,100. 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 $22,100. | |
3. | Recorded depreciation on buildings for $12,500. | |
4. | Paid salaries of $6,600. | |
5. | Issued 1,500 shares of $1 par value common stock for equipment worth $8,200. | |
6. | Sold equipment (cost $12,900, accumulated depreciation $9,030) for $1,548. |
(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. | |||
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