Exercise 17-03 a Your answer is partially correct. Try again. Cushenberry Corporation had the following transactions. 1. Sold land (cost $8,320) for $10,400. 2. Issued common stock at par for $22,900. 3. Recorded depreciation on buildings for $12,100. 4. Paid salaries of $6,500. 5. Issued 1,000 shares of $1 par value common stock for equipment worth $9,700. 6. Sold equipment (cost $13,400, accumulated depreciation $9,380) for $1,608. (a) For each transaction above, prepare the journal entry. (Credit account titles are automatically indented when amount is en No. Account Titles and Explanation Debit Credit 1. Cash 10,400 Land 8,300 Gain on Disposal of Plant Assets 2080 2. Cash 22,900 Common Stock 22,900