Question 4 of 10 View Policies Show Attempt History < > Current Attempt in Progress Your answer is partially correct. Cushenberry Corporation had the following transactions. 1. Sold land (cost $7,200) for $9,000. 2. Issued common stock at par for $20,000. 3. Recorded depreciation on buildings for $12,000. 4. Paid salaries of $6,000. 5. Issued 1,000 shares of $1 par value common stock for equipment worth $8,000. 6. Sold equipment (cost $10,000, accumulated depreciation $7,000) for $1,200. 0.67/1 (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. Cash Land Gain on Disposal of Plant Assets 2. Cash Common Stock 3. Depreciation Expense Accumulated Depreciation-Buildings 4. Salaries and Wages Expense Cash 5. Equipment Paid-in Capital in Excess of Par-Common Stock Common Stock 6. Accumulated Depreciation-Equipment Loss on Disposal of Plant Assets Cash Equipment eTextbook and Media List of Accounts Save for Later Attempts: 2 of 3 used Submit Answer