Exercise 13-3

Cushenberry Corporation had the following transactions.

1.		Sold land (cost $8,240) for $10,300.
2.		Issued common stock at par for $21,200.
3.		Recorded depreciation on buildings for $12,400.
4.		Paid salaries of $7,200.
5.		Issued 1,200 shares of $1 par value common stock for equipment worth $8,100.
6.		Sold equipment (cost $10,800, accumulated depreciation $7,560) for $1,296.

(a) For each transaction above, prepare the journal entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

list of accounts:

Accounts Payable Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Cash Common Stock Cost of Goods Sold Depreciation Expense Equipment Gain on Disposal of Plant Assets Land Loss on Disposal of Plant Assets Paid-in Capital in Excess of Par-Common Stock Salaries and Wages Expense Salaries and Wages Payable Service Revenue