Tim Latimer Corporation had the following transactions.

1.		Sold land (cost $12,000) for $15,000.
2.		Issued common stock for $20,000.
3.		Recorded depreciation on buildings for $17,000.
4.		Paid salaries of $9,000.
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.

For each transaction above, prepare the journal entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)