Type

Disposal of an Operating Asset

Jolie Company owns equipment with a cost of $182,500 and accumulated depreciation of $80,300.

Required:

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

1. Jolie sold the equipment for $108,300 cash. If an amount box does not require an entry, leave it blank.

Apr. 9		fill in the blank e68a3cf9e054fb9_2	fill in the blank e68a3cf9e054fb9_3
		fill in the blank e68a3cf9e054fb9_5	fill in the blank e68a3cf9e054fb9_6
		fill in the blank e68a3cf9e054fb9_8	fill in the blank e68a3cf9e054fb9_9
		fill in the blank e68a3cf9e054fb9_11	fill in the blank e68a3cf9e054fb9_12

2. Jolie sold the equipment for $95,000 cash. If an amount box does not require an entry, leave it blank.

Apr. 9		fill in the blank 74620c02f04bfb3_2	fill in the blank 74620c02f04bfb3_3
		fill in the blank 74620c02f04bfb3_5	fill in the blank 74620c02f04bfb3_6
		fill in the blank 74620c02f04bfb3_8	fill in the blank 74620c02f04bfb3_9
		fill in the blank 74620c02f04bfb3_11	fill in the blank 74620c02f04bfb3_12

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