Brief Exercise 7-35 (Algorithmic) Disposal of a Capital Asset Jolie Company owns equipment with a cost of $307,500 and accumulated depreciation of $150,675. Required: Prepare the journal entry to record the disposal of the equipment on April 9, assuming: 1. Jolie sold the equipment for $180,300 cash. For those boxes in which no entry is required, leave the box blank. Apr. 9 2. Jolie sold the equipment for $145,800 cash. For those boxes in which no entry is required, leave the box blank. Disposal of a Capital Asset Jolie Company owns equipment with a cost of $307,500 and accumulated depreciation of $150,675. Required: Prepare the journal entry to record the disposal of the equipment on April 9 , assuming: 1. Jolie sold the equipment for $180,300 cash. For those boxes in which no entry is required, leave the box blank. Brief Exercise 7-35 (Algorithmic) Disposal of a Capital Asset Jolie Company owns equipment with a cost of $307,500 and accumulated depreciation of $150,675. Required: Prepare the journal entry to record the disposal of the equipment on April 9, assuming: 1. Jolie sold the equipment for $180,300 cash. For those boxes in which no entry is required, leave the box blank. Apr. 9 2. J in which no entry is required, leave the box blank. Brief Exercise 7-35 (Algorithmic) Disposal of a Capital Asset Jolie Company owns equipment with a cost of $307,500 and accumulated depreciation of $150,675. Required: Prepare the journal entry to record the disposal of the equipment on April 9, assuming: 1. Jolie sold the equipment for $180,300 cash. For those boxes in which no entry is required, leave the box blank. Apr. 9 2. Jo in which no entry is required, leave the box blank. Brief Exercise 7-35 (Algorithmic) Disposal of a Capital Asset Jolie Company owns equipment with a cost of $307,500 and accumulated depreciation of $150,675. Required: Prepare the journal entry to record the disposal of the equipment on April 9, assuming: 1. Jolie sold the equipment for $180,300 cash. For those boxes in which no entry is required, leave the box blank. Apr. 9 2. Jol 5 in which no entry is required, leave the box blank. Brief Exercise 7-35 (Algorithmic) Disposal of a Capital Asset Jolie Company owns equipment with a cost of $307,500 and accumulated depreciation of $150,675. Required: Prepare the journal entry to record the disposal of the equipment on April 9, assuming: 1. Jolie sold the equipment for $180,300 cash. For those boxes in which no entry is required, leave the box Brief Exercise 7-35 (Algorithmic) Disposal of a Capital Asset Jolie Company owns equipment with a cost of $307,500 and accumulated depreciation of $150,675. Required: Prepare the journal entry to record the disposal of the equipment on April 9, assuming: 1. Jolie sold the equipment for $180,300 cash. For those boxes in which no entry is required, leave the box blank. Apr. 9 2. Jolie sold the equipment for $145,800 cash. For those boxes in which no entry is required, leave the box blank. Apr. 9 Cash Depreciation Expense Machine Notes Payable Brief Exercise 7-35 (Algorithmic) Disposal of a Capital Asset Jolie Company owns equipment with a cost of $307,500 and accumulated depreciation of $150,675. Required: Prepare the journal entry to record the disposal of the equipment on April 9, assuming: 1. Jolie sold the equipment for $180,300 cash. For those boxes in which no entry is required, leave the box blank. Brief Exercise 7-35 (Algorithmic) Disposal of a Capital Asset Jolie Company owns equipment with a cost of $307,500 and accumulated depreciation of $150,675. Required: Prepare the journal entry to record the disposal of the equipment on April 9, assuming: 1. Jolie sold the equipment for $180,300 cash. For those boxes in which no entry is required, leave the box