Wildhorse Corporation had the following transactions.

Sold land $($cost $$11,700)$ for $$13,700.$

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

Recorded depreciation on buildings for $$16,700.$

Paid salaries of $$8,700.$

Issued $1,200$ shares of $$1$ par value common stock for equipment worth $$9,600.$

Sold equipment $($cost $$10,000,$ accumulated depreciation $$7,000)$ for $$1,200.$

$($a$)$

For each transaction above, prepare the journal entry. $($Credit account titles are automatically indented wh Indent manually. If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts. LIs credit entries.$)$

Transaction Account Titles and Explanation

Debit