Tim Latimer Corporation had the following transactions.
1.Sold land (cost $12,000) for $15,000.
2.Issued common stock for $20,000.
3.Recorded depreciation on buildings for $17,000.
4.Paid salaries of $9,000.
5.Issued 1,000 shares of $1 par value common stock for equipment worth $8,000.
6.Sold equipment (cost $10,000, accumulated depreciation $7,000) for $1,200.
For each transaction above, prepare the journal entry