Sunland Corporation had the following transactions. 1. Sold land (cost $12,500) for $15,500. 2. Issued common stock at par for $20,000. 3. Recorded depreciation on buildings for $17,500. 4. Paid salaries of $9,500. 5. Issued 600 shares of $1 par value common stock for equipment worth $4,800. 6. Sold equipment (cost $11,600, accumulated depreciation $8,120) for $1,392. (a) For each transaction above, prepare the journal entry. ICredit account titles are automatically indented when amount is entered. Do not indent manually) 4. 5. 6. eTextbook and Media