Brief Exercise 7-35 (Algorithmic) Disposal of an Operating Asset Jolie Company owns equipment with a cost of $320,000 and accumulated depreciation of $112,000. Required: Prepare the journal ently to record the disposal of the equipment on April 9 assuming: 1. Jolie sold the equipment for $224,600 cash. If an amount box does not require an entry, leave it blank. Apr. 9 2. Jolle sold the equipment for $193,400 cash. If an amount box does not require an entry, leave it blank. 1111 1111 1110 Apr. 9