Begin by recording the depreciation expense for January 1,2018 through September 30, 2018.

Before recording the sale of the fixtures, lets calculate any gain or loss on the sale of the fixtures.

Now, record the sales of the fixtures on October 31,2018.

On January 2, 2017, Once Again Clothing Consignments purchased showroom fixtures for $10,000 cash, expecting the fixtures to remain in service for five years. Once Again has depreciated the fixtures on a double-declining-balance basis, with zero residual value. On September 30, 2018, Once Again sold the fixtures for $5,500 cash. Record both depreciation expense for 2018 and sale of the fixtures on September 30, 2018. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. Note that 2017 depreciation was recorded and posted in 2017.)