Required information (The following information applies to the questions displayed below.) Abbott Landscaping purchased a tractor at a cost of $27,000 and sold it three years later for $14,400. Abbott 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. 2. Assume the tractor was sold for $9,400 instead of $14,400. 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 Journal entry worksheet 1 > Record the sale of equipment. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Cash Accumulated Depreciation Loss Equipment Record entry Clear entry View general journal