fixtures to remain in service for ten years. Just for Pet has depreciated the fixtures on a straight-line basis, with $5,000 residual value. On April 30, 2018, Just for Pet sold the futures for $37,300 cash. Record both depreciation expense for 2018 and sale of the fixtures on April 30, 2018. (Assume the explanation on the last line of the journal entry table.) On January 2, 2016, Just for Pet purchased fixtures for $53,000 cash, expecting the modified half-month convention is used. Record debits first, then credits. Select the Begin by recording the depreciation expense as of Apr. 30, 2018, Date Accounts and Explanation Apr 30 Depreciation Expense-Fodures Accumulated Depreciation-Fixtures To record depreciation on fixtures Debit Credit