Greenscape Landscaping purchased a tractor at a cost of $27,000 and sold it three years later for $14,400. Greenscape recorded depreciation using the straight-line method, a five-year service life, and a $3,500 residual value. Tractors are included in the Equipment account. 2. Assume the tractor was sold for $9,400 instead of $14,400. Record the sale. (If no entry is required for a particular iransaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet