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 $45,000 and sold it three years later for $21,000. 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 $16,600 instead of $21,000. 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 Journal entry worksheet Record the sale of equipment, Note: Enter debits before credits Transaction General Journal Debit Credit 1 Record entry Clear entry View general Journal