Strawberry Fields purchased a tractor at a cost of $38,000 and sold it two years later for $24,500. Strawberry Fields recorded depreciation using the straight-line method, a five-year service life, and an $6,000 residual value. 1. 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 ist Journal entry worksheet Record the sale. Note: Enter debits before credits Transaction General Journal Debit Credit 1 Record entry Clear entry View general Journal