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Strawberry Fields purchased a tractor at a cost of $38,000 and...

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Accounting

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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 list Journal entry worksheet 1 > Record the sale Note: Enter debts before credits Transaction General Journal Debit Credit

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