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2. Assume the tractor was sold for $11,800 instead of $18,800. Record the sale. (If no entry is required for a transaction/event, select No journal

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2. Assume the tractor was sold for $11,800 instead of $18,800. Record the sale. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the sale of equipment. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Abbott Landscaping purchased a tractor at a cost of $37,000 and sold it three years later for $18,800. Abbott recorded depreclation using the straight-line method, a five-year service life, and a $2,500 residual value. Tractors are included in the Equipment account. Requlred information 3.00 points Required: 1. Record the sale. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the sale of equipment. Note: Enter debits before croedits. Transaction General Journal Deblt Credit Record entry Clear entry View general journal

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