7 E8-17 (Static) Recording the Disposal of an Asset at Three Different Sale Prices LO8-5 Marriott International is a worldwide operator, franchisor, and licensor of hotels, residential, and timeshare properties totaling nearly $1.8 billion in net property and equipment. Assume that Marriott replaced furniture that had been used in the business for five years. The records of the company reflected the following regarding the sale of the existing furniture: 3 points eBook Furniture (cost) Accumulated depreciation Required: $ 8,000,000 7,700,000 1. Prepare the journal entry for the disposal of the furniture, assuming that it was sold for: Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in dollars not in millions. 101 Hint a. $300,000 cash b. $900,000 cash Print c. $100,000 cash o References View transaction list Journal entry worksheet 1 2 3 Record the disposal of the furniture, assuming the furniture was sold for $300,000 cash. Note: Enter debits before credits. Transaction . General Journal Debit Credit > 3 7 points in dollars not in millions. a. $300,000 cash b. $900,000 cash c. $100,000 cash eBook Hint Print References View transaction list Journal entry worksheet 1 2 3 Record the disposal of the furniture, assuming the furniture was sold for $300,000 cash. Note: Enter debits before credits. Transaction a. General Journal Debit Credit View general journal Record entry Clear entry