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Oriole Corporation had the following transactions. 1. Sold land (cost $11,100) for $14,100. 2. Issued common stock at par for $20,000. 3. Recorded depreciation on
Oriole Corporation had the following transactions.
1. | Sold land (cost $11,100) for $14,100. | |
2. | Issued common stock at par for $20,000. | |
3. | Recorded depreciation on buildings for $16,100. | |
4. | Paid salaries of $8,100. | |
5. | Issued 1,000 shares of $1 par value common stock for equipment worth $8,000. | |
6. | Sold equipment (cost $8,800, accumulated depreciation $6,160) for $1,056. |
(a) For each transaction above, prepare the journal entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Transaction | Account Titles and Explanation | Debit | Credit |
---|---|---|---|
1. | |||
2. | |||
3. | |||
4. | |||
5. | |||
6. |
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