Marriott International is a worldwide operator and franchisor of hotels and related lodging facilities totaling over $1.5 billion in property and equipment. It also develops, operates, and markets time-share properties totaling nearly $2.02 billion. Assume that Marriott 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)	$	6,070,000
Accumulated depreciation		5,566,000

Required:
1a.	Prepare the journal entry for the disposal of the furniture, assuming that it wassold for $504,000 cash.(Enter your answers in dollars not in billions. Omit the "$" sign in your response.)

General Journal	Debit	Credit
(Click to select)Accounts payableNotes payableCashGain on sale of long-lived assetFurnitureCommon stockAccumulated depreciationLoss on sale of long-lived asset
(Click to select)Gain on sale of long-lived assetCommon stockFurnitureLoss on sale of long-lived assetCashAccumulated depreciationAccounts payableNotes payable
(Click to select)CashAccounts payableLoss on sale of long-lived assetCommon stockFurnitureGain on sale of long-lived assetAccumulated depreciationNotes payable

1b.	Prepare the journal entry for the disposal of the furniture, assuming that it was sold for $1,616,000 cash.(Enter your answers in dollars not in billions. Omit the "$" sign in your response.)

General Journal	Debit	Credit
(Click to select)Accounts payableFurnitureNotes payableGain on sale of long-lived assetCashAccumulated depreciationLoss on sale of long-lived assetCommon stock
(Click to select)FurnitureCommon stockNotes payableAccounts payableCashGain on sale of long-lived assetAccumulated depreciationLoss on sale of long-lived asset
(Click to select)Accumulated depreciationFurnitureNotes payableLoss on sale of long-lived assetAccounts payableCashGain on sale of long-lived assetFinancing expense
(Click to select)FurnitureGain on sale of long-lived assetCashAccounts payableNotes payableLoss on sale of long-lived assetFinancing expenseAccumulated depreciation

1c.	Prepare the journal entry for the disposal of the furniture, assuming that it wassold for $411,000 cash.(Enter your answers in dollars not in billions. Omit the "$" sign in your response.)

General Journal	Debit	Credit
(Click to select)Gain on sale of long-lived assetLoss on sale of long-lived assetAccounts payableAccumulated depreciationNotes payableFurnitureCashCommon stock
(Click to select)Gain on sale of long-lived assetFurnitureCashAccounts payableLoss on sale of long-lived assetAccumulated depreciationCommon stockNotes payable
(Click to select)Notes payableCommon stockLoss on sale of long-lived assetCashAccumulated depreciationFurnitureAccounts payableGain on sale of long-lived asset
(Click to select)Common stockNotes payableAccumulated depreciationFurnitureLoss on sale of long-lived assetGain on sale of long-lived assetAccounts payableCash