Disposal of an Operating Asset Jolie Company owns equipment with a cost of $80,000 and accumulated depreciation of $28,800. Required: Prepare the journal entry to record the disposal of the equipment on April 9 assuming: 1. Jolie sold the equipment for $56,800 cash. If an amount box does not require an entry, leave it blank. f 2. Jolie sold the equipment for $47,600 cash. If an amount box does not require an entry, leave it blank