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Required informotion Exercise 7-17 (Algo) Record the sale of equipment (LO7.6) [The following information applies to the questions dispiayed below] Greenscape Landscaping purchased a tractor

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Required informotion Exercise 7-17 (Algo) Record the sale of equipment (LO7.6) [The following information applies to the questions dispiayed below] Greenscape Landscaping purchased a tractor at a cost of $41,000 and sold it three years later for $21,100. Greenscape 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. xercise 7-17 (Algo) Part 2 - Assume the tractor was sold for $13,300 instead of $21,100. Record the sale. (If no entry is required for a particular ransoction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet

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