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Disposal of an Operating Asset

Jolie Company owns equipment with a cost of $$190,000$ and accumulated depreciation of $$83,600.$

Required:

Prepare the journal entry to record the disposal of the equipment on April $9$ assuming:

Jolie sold the equipment for $$111,700$ cash. If an amount box does not require an entry, leave it blank.

Apr. $9$

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$2.$ Jolie sold the equipment for $$99,000$ cash. If an amount box does not require an entry, leave it blank.

Apr. $9$

$$ Depreciation $$

$$

$x$

Loss on Disposal of Property, Plant, and Equipment

$$

$$

$$

$$

$$

$$