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Required information [ The following information applies to the questions displayed below. ] Freeman Landscaping purchased a tractor at a cost of $ 3 4

Required information
[The following information applies to the questions displayed below.]
Freeman Landscaping purchased a tractor at a cost of $34,000 and sold it three years later for $16,700. Freeman recorded depreciation using the straight-line method, a five-year service life, and a $1,500 residual value. Tractors are included in the Equipment account.
Required:
Record the sale. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
\table[[No,Transaction,General Journal,Debit,Credit],[1,1,Cash,10,300,],[,,Accumulated Depreciation,19,500,],[,,Loss,4,200,],[,,Equipment,,34,000]]
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