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 $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. Exercise 7-17A Part 2 2. Assume the tractor was sold for $11.200 instead of $18.000. Record the sale. (If no entry Is requlred for a particuler transaction/event, select "No Journal Entry Required" In the first account fleld.) 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