a.506,000$

b.1,605,000$

c.407,000$

MerryYacht International is a worldwide operator, franchisor, and licensor of hotels, residential, and timeshare properties totaling nearty $1.5 billion in net property and equipment. Assume that Merryyacht replaced fumiture 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 Required: 1. Prepare the journal entry for the disposal of the furniture, assuming that it was sold for: Note: If no entry is required for o tronsoction/event, select "No journal entry required" in the first account field. Enter your answers in dollers not in millions. a $506.000 cash b. $1,605,000 cash c. $407,000cash Journal entry worksheet Record the disposal of the furniture, assuming the furniture was sold for $1,005,000cash. Poister enter debits before crentite: Journal entry worksheet Record the disposal of the furniture, assuming the furniture was sold for $506,000 cash. Note: Enter debits before credits. Journal entry worksheet Record the disposal of the furniture, assuming the furniture was sold for $407,000cash. Note: Enter debits before credits