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record the sale [The following information applies to the questions displayed below] Abbott Landscaping purchased a tractor at a cost of $36,000 and sold it

record the sale
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[The following information applies to the questions displayed below] Abbott Landscaping purchased a tractor at a cost of $36,000 and sold it three years later for $18,000. 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 Required: 1. 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 Journal entry worksheet Record the sale of equipment. Note: Enter debits before credits Credit Debit General Journal Transaction 1

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