Business, 30.05.2021 01:00 xxmattieboo7xx

Cushenberry Corporation had the following transactions. 1. Sold land (cost $8,320) for $10,400.
2. Issued common stock at par for $21,600.
3. Recorded depreciation on buildings for $13,800.
4. Paid salaries of $6,500.
5. Issued 1,000 shares of $1 par value common stock for equipment worth $9,600.
6. Sold equipment (cost $11,200, accumulated depreciation $7,840) for $1,344.

Required:
For each transaction above, prepare the journal entry.

Answers: 1

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Cushenberry Corporation had the following transactions. 1. Sold land (cost $8,320) for $10,400.

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