VOUR Downloadable erextbook ment Question 26 Cushenberry Corporation had the following transactions. 1. Sold land (cost $8,320) for $10,400. 2. Issued common stock at par for $22,900. 3. Recorded depreciation on buildings for $12,100. 4. Paid salaries of $6,500. 5. Issued 1,000 shares of $1 par value common stock for equipment worth $9,700. 6. Sold equipment (cost $13,400, accumulated depreciation $9,380) for $1,608. (a) For each transaction above, prepare the journal entry. (Credit account titles are automatically inder amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. 27