Required information Exercise 7-17A Record the sale of equipment (L07-6) The following information applies to the questions displayed below) Abbott Landscaping purchased a rector at a cost of $45,000 and sold it three years later for $21000 Abbott recorded depreciation using the straight-line method, a five-year service life, and a $3.000 residual value. Tractors are included in the Equipment account Exercise 7-17A Part 1 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.) Required information View tramaction list Journal entry worksheet 1 Record the sale of equipment. Note: Enter dette before credits Transaction General Journal Cash Accumulated Depreciation Credit Debit 21.000 25.200 8 3 REYHUVI Exercise 7-17A Record the sale of equipment (LO7-6) The following information applies to the questions displayed below) Abbott Landscaping purchased a tractor at a cost of $45,000 and sold it three years later for $21000 Abbott recorded depreciation using the straight-line method, a five-year service life, and a $3.000 residual value. Tractors are included in the Equipment account of 2 Exercise 7-17A Part 2 2. Assume the tractor was sold for $16.600 instead of $21000. 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 ist