E9-22 (similar to) Question Help On January 2, 2017, Thrifty Clothing Consignments purchased showroom fixtures for $11,000 cash, expecting the fixtures to remain in service for five years. Thrifty has depreciated the fixtures on a double-declining-balance basis, with zero residual value. On October 31, 2018, Thrifty sold the fixtures for $6,300 cash. Record both depreciation expense for 2018 and sale of the fixtures on October 31, 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.) Reco Chap Begin by recording the depreciation expense for January 1, 2018 through October 31, 2018. Date Debit Credit Oct. 31 Accounts and Explanation Depreciation Expense-Fixtures Accumulated Depreciation Fixtures 2700 Maki Care land, acqui $110, equip Sees 2700 Discarded fully depreciated fixtures. Choose from any list or enter any number in the input fields and then click Check Answer. 2 parts remaining Clear All Check Answer CHEGG T19-4 (similar to) : Question Help 4. Alberta Petroleum holds huge reserves of oil. Assume that at the end of 2017, Alberta Petroleum's cost of oil reserves totaled $168,000,000, representing 240,000,000 barrels of oil. Suppose Alberta Petroleum removed and sold 30,000,000 barrels of oil during 2018. Journalize depletion expense for 2018. (Assume no residual value. Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Choose from any list or enter a numho