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 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 transaction list Journal entry worksheet 1 Record the sale of equipment Note: Enter debit before credits Debit Credit Transaction General Journal 1 Record entry Clear entry View general Journal