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Ivanhoe Corporation had the following transactions. Sold land ( cost $ 1 1 , 0 0 0 for $ 1 4 , 0 0 0

Ivanhoe Corporation had the following transactions.
Sold land (cost $11,000 for $14,000.
Issued common stock at par for $20,000.
Recorded depreciation on buildings for $16,000.
Paid salaries of $8,000.
Issued 900 shares of $1 par value common stock for equipment worth $7,200.
Sold equipment (cost $8,600, accumulated depreciation $6,020) for $1,032.
(a)
(a) 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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