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Required information [The following information applies to the questions displayed below.] Freeman Landscaping purchased a tractor at a cost of $29,000 and sold it
Required information [The following information applies to the questions displayed below.] Freeman Landscaping purchased a tractor at a cost of $29,000 and sold it three years later for $15,700. Freeman recorded depreciation using the straight-line method, a five-year service life, and a $4,000 residual value. Tractors are Included in the Equipment account. Required: 1. Record the sale. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first accoun field.) View transaction list Journal entry worksheet < Record the sale of tractor. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit View general Journal Clear entry Record entry
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