Required information Exercise 7-17B Record the sale of equipment (L07-6) [The following information applies to the questions displayed below) A company purchased a tractor at a cost of $26,000 and sold it three years later for $13,900. The company recorded depreciation using the straight-line method, a five-year service life, and a $3.500 residual value. Tractors are included in the Equipment account. Exercise 7-17B 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 View Journal entry worksheet No Transaction Credit Debit 13,900 1 General Journal Cash Accumulated Depreciation Equipment Gain 20.000