Furst Corporation had the following transactions. 1. Paid salaries of $14,000. 2. Issued 1,000 shares of $1 par value common stock for equipment worth $16,000. 3. Sold equipment (cost $10,000, accumulated depreciation $6,000) for $3,000. 4. Sold land (cost $12,000) for $16,000. 5. Issued another 1,000 shares of $1 per value common stock for $18,000. 6. Recorded depreciation of $20,000.
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