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Sunland Company had the following transactions. 1. Sold land (cost $8,000) for $10,000. 2. Issued common stock at par for $20,800. 3. Recorded depreciation on
Sunland Company had the following transactions. 1. Sold land (cost $8,000) for $10,000. 2. Issued common stock at par for $20,800. 3. Recorded depreciation on buildings for $12,200. 4. Paid salaries of $7,300. 5. Issued 1,400 shares of $1 par value common stock for equipment worth $9,100. 6. Sold equipment (cost $11,800, accumulated depreciation $8,260 ) for $1,416. (a) For each transaction above, prepare the journalentry. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) 0 G education.wiley.com c + NWP Assessment Builder UI Applicaticn W NWP Assessment Player LI Applisation c Past a new questian G calculater - Geagle Saarch Final Exam Question 10 of 28 /8i 2. 3. 4. 5. 6
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