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Greenscape Landscaping purchased a tractor at a cost of $41,000 and sold it three years...

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Accounting

Greenscape Landscaping purchased a tractor at a cost of $41,000 and sold it three years later for $21,100. Greenscape accounted for depreciation using the straight-line method, a five-year service life, and a $3,000 residual value. Tractors are included in the Equipment account.
Required:
1. Record the sale.

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