Brief Exercise 7-35 (Algorithmic) Disposal of an Operating Asset Jolte Company owns equipment with a cost of $50,000 and accumulated depreciation of $21,000. Required: Prepare the journal entry to record the disposal of the equipment on April 9 assuming: 1. Jolie sold the equipment for $29,900 cash. If an amount box does not require an entry, leave it blank. Apr. 9 2. Jolie sold the equipment for $27,000 cash. If an amount box does not require an entry, leave it blank. Apr.: 9