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Wildhorse Corporation had the following transactions. 1. Sold land (cost...

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Accounting

Wildhorse Corporation had the following transactions.

1. Sold land (cost $12,800) for $15,800.
2. Issued common stock at par for $20,000.
3. Recorded depreciation on buildings for $17,800.
4. Paid salaries of $9,800.
5. Issued 900 shares of $1 par value common stock for equipment worth $7,200.
6. Sold equipment (cost $12,200, accumulated depreciation $8,540) for $1,464.

(a)

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

Transaction

Account Titles and Explanation

Debit

Credit

1.

2.
3.
4.
5.
6.

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