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10:01PM Sun Mar 24 Back Pulse Chapter 7- Homework (i 10 ...

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Accounting

10:01PM Sun Mar 24
Back
Pulse
Chapter 7- Homework (i
10
Part 2 of 2
1.07
points
01:57:35
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[The following information applies to the questions displayed below.]
Freeman Landscaping purchased a tractor at a cost of $26,000 and sold it three years later for $13,900. Freeman 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 $9,100 instead of $13,900. 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 tractor.
Note: Enter debits before credits.
\table[[Transaction,General Journal,Debit,Credit],[1,,,],[,,,],[,,,],[r,,,],[,,,],[,,,]]
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