In order to provide capital for new hotel construction in other locations, Wilton Hotel Corporation has decided to sell its hotel in Pierre, South Dakota. Wilton auctions the hotel and its contents on October 1, 2019, with the following results:

Land $599,200
Building 300,000
Furniture 120,000
Wilton's accounting records reveal the following information about the assets sold:

Asset Acquisition Cost Accumulated Depreciation
Land $14,200
Building 350,000 $295,000
Furniture 298,000 133,000
Required:

Prepare a separate journal entry to record the disposition of each of these assets. Make the journal entries for the disposition of the assets in the order that they appear in the table above. If an amount box does not require an entry, leave it blank.

2019 Oct. 1
(Record disposal of land)
2019 Oct. 1
(Record disposal of building)
2019 Oct. 1
(Record disposal of furniture and fixtures)