Abbott Landscaping purchased a tractor at a cost of $33,000 and sold it three years later for $16,500. Abbott recorded depreciation using the straight-line method, a five-year service life, and a $2,000 residual value. Tractors are included in the Equipment account. 2. Assume the tractor was sold for $10,300 instead of $16,500. Record the sale. (If no entry is required for a ransaction/event, select "No journal entry required" in the first account field.) 1 No Transaction 1 > Answer is not complete. General Journal Debit Credit 16,500 x 18,600 Cash Accumulated depreciation Gain Equipment 2,100 x 33,000