Jolie Company owns equipment with a cost of $400,000 and accumulated depreciation of $260,000. Required: Prepare the journal entry to record the disposal of the equipment on April 9 assuming: 1. Jolie sold the equipment for $152,600 cash. If an amount box does not require an entry, leave it blank. Apr. 9 Accumulated Depreciation Cash Gain on Disposal of Property, Plant, and Equipment Equipment 2. Jolie sold the equipment for $130,200 cash. If an amount box does not require an entry, leave it blank. Apr. 9 Accumulated Depreciation Cash Loss on Disposal of Property, Plant, and Equipment Equipment 0000