Brief Exercise 7-35 Disposal of a Capital Asset Jolie Company owns equipment with a cost of $85,500 and accumulated depreciation of 76,200. Required: Prepare the journal entry to record the disposal of the equipment on April 9, assuming: 1. Jolie sold the equipment for $11,200 cash. For those boxes in which no entry is required, leave the box blank. Apr. 9 2. Jolie sold the equipment for $7,900 cash. For those boxes in which no entry is required, leave the box blank. Apr. 9