Disposal of an Operating Asset Jolie Company owns equipment with a cost of $102,500 and accumulated depreciation of $28,700. Required: Prepare the journal entry to record the disposal of the equipment on April 9 assuming: 1. Jolie sold the equipment for $78,200 cash. If an amount box does not require an entry, leave it blank. Apr. 9 2. Jolie sold the equipment for $68,600 cash. If an amount box does not require an entry, leave it blank. Apr. 9.