Exercise 7-17 (Algo) Record the sale of equipment (LO7-6)

Greenscape Landscaping purchased a tractor at a cost of $30,000 and sold it three years later for $16,200. Greenscape recorded depreciation using the straight-line method, a five-year service life, and a $4,000 residual value. Tractors are included in the Equipment account.

Record the sale.