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ist On January 2, 2018 Sparkle Lighting purchased showroom fixtures for $12,000 cash, expecting the fetures to remain in service for 6 years Sparkle
ist On January 2, 2018 Sparkle Lighting purchased showroom fixtures for $12,000 cash, expecting the fetures to remain in service for 6 years Sparkle Lighting has depreciated the fixtures on a Kraght ne bass, with zero residual value. On June 30, 2018 Sparkle Lighting sold the fixtures for $7,000 cash. Recont both the depreciation expense on the fixtures for 2019 and the sale of the fxtures on June 30, 2018 Round Intermediate calculations to th cent and final answers to the nearest whole dollar (Record debts frail, then credits. Exclude explanations from a journal Record the depreciation expense 201 Journal Entry Jun 30 Accounts Debit Credit Deprecation expense, fatures Accumulated deprecation, atures Record the sale of the fres Journal Entry Date Accounts Credit in 30 Cash 1000 Losa on sale of fatures Futures
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