Marionnette International is a worldwide operator and franchisor of hotels and related lodging facilities totaling nearly $1.5 billion in net property and equipment. Assume that Marionnette replaced furniture that had been used in the business for five years. The records of the company reflected the following regarding the sale of the existing furniture.

Furniture (cost) $6,090,000 Accumulated depreciation 5,576,000 Required: 1. Prepare the journal entry for the disposal of the furniture, assuming that it was sold for: (lf no entry is required foratransaction/event, select "No journal entry required" in the first account field. Enter your answers in dollars not in millions.) a. $514,000 cash b. $1,601,000 cash C. $415,000 cash view transaction list view general journal Journal Entry Worksheet 1 2 3 Record the disposal of the furniture, assuming the furniture sold for $514,000 cash. Debit Credit Transaction General Journal No journal entry required Accounts payable Accounts receivable Accumulated depreciation Additional paid-in capital Enter debits before credits Allowance for uncollectible accounts Amortization expense done record entry Buildina