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.$)$