QUESTION 9 Cosenza Ltd has a tractor that was purchased at $390 000 and has accumulated depreciation of $250 000. Choose the correct journal entries if Cosenza Ltd sels the tractor for cash of $120 000. (Please note that there are more than one answers.) DR Cash at Bank 120 000, CR Proceeds on Sale of Tractor 120 000 DR Cash at Bank 120 000, CR Sales Revenue DR Carrying Amount of Tractor Sold 140 000, DR Accumulated Depreciation of Tractor 250 000, CR Tractor 390 000 DR Carrying Amount of Tractor Sold 390 000, CR Tractor 390 000