of 2 Required information Exercise 7-17 (Algo) Record the sale of equipment (LO7-6) [The following information applies to the questions displayed below.) Greenscape Landscaping purchased a tractor at a cost of $32,000 and sold it three years later for $16,000. Greenscape 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. ook ent Exercise 7-17 (Algo) Part 2 2. Assume the tractor was sold for $10,000 instead of $16,000. 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 Print Journal entry worksheet erences < Record the sale of tractor. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 10,000 Accumulated Depreciation Loss Equipment 18,000 32,000 Record entry Clear entry View general journal Next