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Required Information [The following information applies to the questions displayed below.] Greenscape Landscaping purchased a tractor at a cost of $27,000 and sold it three
Required Information [The following information applies to the questions displayed below.] Greenscape Landscaping purchased a tractor at a cost of $27,000 and sold it three years later for $14,400. Greenscape recorded depreciation using the straight-Iine method, a five-year service life, and a $3,500 residual value. Tractors are included in the Equipment account. Required: . Record the sale. (If no entry is required for a particular transactlon/event, select "No Journal Entry Requlred" In the flrst account leld.) Journal entry worksheet Note: Enter debits before credits. 2. Assume the tractor was sold for $9,400 instead of $14,400. Record the sale. (If no entry is required for a partlcular transaction/event, select "No Journal Entry Requlred" In the flrst account fleld.) Journal entry worksheet Note: Enter debits before credits
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