Sandhill Corporation had the following transactions.

Sold land $($cost $$12,700)$ for $$15,700.$

Issued common stock at par for $$20,000.$

Recorded depreciation on buildings for $$17,700.$

Paid salaries of $$9,700.$

Issued $800$ shares of $$1$ par value common stock for equipment worth $$6,400.$

Sold equipment $($cost $$12,000,$ accumulated depreciation $$8,400)$ for $$1,440.$

$($a$)$

$($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

Cred