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 tractor at a cost of $42,000 and sold it three years later for $21,600. 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.) View transactional Journal entry worksheet 1 Racord the sale of equipment Transaction Debit Credit General Journal Cash Accurs. Depreciation Lommel Hecord no 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 tractor at a cost of $42,000 and sold it three years later for $21,600. 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 2 2. Assume the tractor was sold for $13,600 instead of $21,600. 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 Journal entry worksheet 1 Record the sale of equipment Notirlar debit before credits Transaction General Journal Dubit Credit Record entry Ceny View general