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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