Brief Exercise 7-35 (Algorithmic) Disposal of an Operating Asset Jolie Company owns equipment with a cost of $310,000 and accumulated depreciation of $108,500. Required: Prepare the journal entry to record the disposal of the equipment on April 9 assuming: 1. Jolie sold the equipment for $211,600 cash. If an amount box does not require an entry, leave it blank. Apr. 9 2. Jolie sold the equipment for $187,400 cash. If an amount box does not require an entry, leave it blank. Apr. 9