Required information

Exercise $7-17$A Record the sale of equipment $($LO$7-6)$

$[$The following information applies to the questions displayed below.$]$

Abbott Landscaping purchased a tractor at a cost of $$41,000$ and sold it three years later for $$21,100.$ Abbott 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.

Exercise $7-17$A Part $1$

Required:

Record the sale. $($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account

field.$)$

Journal entry worksheet

$1$

Record the sale of equipment.

Note: Enter debits before credits.