Abbott Landscaping purchased a tractor at a cost of $45.000 and sold it three years later for $21,000. Abbott recorded depreciation using the straight-line method, a five-year service life, and a $3,000 residual value. Tractors are included in the Equipment account. Required Information 10.00 points Required: 1. Record the sale. (If no entry is required for a transactionlevent, 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 Required information 10.00 points 2. Assume the tractor was sold for $16,600 instead of S21,000. 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. General Journal Debit Credit Record entry Clear entry View general journal Hints References eBook & Resources