Brief Exercise 7-35 (Algorithmic) Disposal of an Operating Asset Bolle Company owns equipment with a cost of $402.500 and accumulated depreciation of $148,925 Required: Prepare the sournal entry to record the disposal of the equipment on April 9 assuming 1. Jolie sold the equipment for $281,500 cash an amount box does not require an entry, leave it blank Rox y ment Gain on Disposal of Property Mant, and Equipment Equipment to $235.500 h outbox does not re tre Los on of Property. Plant, and to Krious rest MacBook Air AUBURN command option