Abbott Landscaping purchased a tractor at a cost of $38,000 and sold it three years later for $19,300. depreciation using the straight-line method, a five-year service life, and a $2,500 residual value. Tractors are included in the Equipment account 2. Assume the tractor was sold for $12,100 instead of $19,300. Record the sale. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet > 1 Record the sale of equipment Note Enters before Debit Cret Transaction General Journal