Exercise 7-17 Record the sale of equipment (L07-6) The following information applies to the questions displayed below) Abbott Landscaping purchased a tractor at a cost of $35,000 and sold it three years later for $17,500. 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 References Section Break Exercise 7-17 Record the sale of equipment (07.6) 5. Award: 0.60 out of 0.60 points You received credit for this question in a previous attempt Exercise 7-17 Part 1 Required: 1. Record the sale(If no entry is required for a transaction/event, select "No journal entry required in the first account field) Credit No Transaction Debit 19,800 17.500 1 1 General Journal Accumulated depreciation Cash Gain Equipment 2.300 35.000 6. Award: O out of 0.60 points You did not receive full credit for this question in a row tompt Exercise 7-17 Part 2 2. Assume the tractor was sold for $10,900 instead of $17.500. Record the sale. (if no entry is required for a transactionlevent, select "No journal entry required in the first account field.) Debit Cro General Journal No Transaction 1 MacBook