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Sheridan Corporation had the following transactions, 1. Sold and (cost$12,400) for $15,800. 2. Issued commonstock at par for $20,000. 3. Recorded depreciation on buildings for $17,400. 4. Paid salaries of $9,400. 5. Lsued 1.000 shares of $1 par value common stock for equipment worth $8,000. a. Sold equignent (cost $11400; accumulated depreciation $7,980) for $1,368, For each transaction above, prepare the joumal entry- (Credle account titles are automoticaly indented when anount is enterde Don indent manually If no entry is reauired, select "No Entry for the account tities and enter Ofor the amounts Ust all debit entrles before credit entries) For each transaction above perefare the journal entry. (Credit account tibler are oulomaticoly indented whan anount if enterect. Do not Indent manuathy if no entry is required, select "No Entry" for the occount titler and enter Ofor the amounts Uig al debit entries bectore. creditentries) 3. 4. 5. o. 1. Cashrecesot 5 Ganondisosat of olant msets $ 2. Cashreceint 5 2) Derrecutionexserde 4. Suanerard wayes experse 5 tionsondivosald olantmets 5 rTembook and Media