Begin by recording the depreciation expense as of Jun 30, 2018. Date Accounts and Explanation Jun. 30 Debit Credit Discarded fixtures with a book value. Discarded fully depreciated fixtures. Sold fixtures for cash. To record depreciation on fixtures. On January 2, 2016, Royal Pet purchased fixtures for $74,000 cash, expecting the fixtures to remain in service for ten years. Royal Pet has depreciated the fixtures on a straight-line basis, with $8,000 residual value. On June 30, 2018, Royal Pet sold the fixtures for $55,000 cash. Record both depreciation expense for 2018 and sale of the fixtures on June 30, 2018. (Assume the modified half-month convention is used. Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Begin by recording the depreciation expense as of Jun 30, 2018. Date Accounts and Explanation Debit Credit Jun. 30 Accumulated Depreciation Fixtures Book value Cash Depreciation ExpenseFixtures Fixtures Gain on Disposal Loss on Disposal Maintenance Expenses Choose from any list or enter any number in the input fields and then click Check Answer. 2 parts Clear All Check Answer remaining