Metlock, Inc. had the following transactions. 1. Sold land...
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Accounting
Metlock, Inc. had the following transactions.
1. | Sold land (cost $7,760) for $9,700. | |
2. | Issued common stock at par for $22,200. | |
3. | Recorded depreciation on buildings for $15,100. | |
4. | Paid salaries of $7,900. | |
5. | Issued 1,500 shares of $1 par value common stock for equipment worth $9,700. | |
6. | Sold equipment (cost $11,000, accumulated depreciation $7,700) for $1,320. |
(a) For each transaction above, prepare the journal entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
No. | Account Titles and Explanation | Debit | Credit |
---|---|---|---|
1. | Enter an account title | Enter a debit amount | Enter a credit amount |
Enter an account title | Enter a debit amount | Enter a credit amount | |
Enter an account title | Enter a debit amount | Enter a credit amount | |
2. | Enter an account title | Enter a debit amount | Enter a credit amount |
Enter an account title | Enter a debit amount | Enter a credit amount | |
3. | Enter an account title | Enter a debit amount | Enter a credit amount |
Enter an account title | Enter a debit amount | Enter a credit amount | |
4. | Enter an account title | Enter a debit amount | Enter a credit amount |
Enter an account title | Enter a debit amount | Enter a credit amount | |
5. | Enter an account title | Enter a debit amount | Enter a credit amount |
Enter an account title | Enter a debit amount | Enter a credit amount | |
Enter an account title | Enter a debit amount | Enter a credit amount | |
6. | Enter an account title | Enter a debit amount | Enter a credit amount |
Enter an account title | Enter a debit amount | Enter a credit amount | |
Enter an account title | Enter a debit amount | Enter a credit amount | |
Enter an account title | Enter a debit amount | Enter a credit amount |
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