Required information

$[$The following information applies to the questions displayed below.$]$

Abbott Landscaping purchased a tractor at a cost of $$42,000$ and sold it three years later for $$21,600.$ 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.

Required:

Record the sale. $($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

Journal entry worksheet

$1$

Record the sale of tractor.

Note: Enter debits before credits.

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