olie Company owns equipment with a cost of $250,000 and accumulated depreciation of $105,000.

Required:

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

Question Content Area

1. Jolie sold the equipment for $152,300 cash. If an amount box does not require an entry, leave it blank.

Jolie sold the equipment for $134,900 cash. If an amount box does not require an entry, leave it blank.