Reference no: EM131740685

Question: Cushenberry Corporation had the following transactions.

1. Sold land (cost $8,080) for $10,100.

2. Issued common stock at par for $20,900.

3. Recorded depreciation on buildings for $15,000.

4. Paid salaries of $6,700.

5. Issued 1,300 shares of $1 par value common stock for equipment worth $8,500.

6. Sold equipment (cost $14,500, accumulated depreciation $10,150) for $1,740.

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