K On January 2, 2022, Pet Spa purchased fixtures for $37,800 cash, expecting the fixtures to remain in service for six years. Pet Spa has depreciated the fixtur $9,000 residual value. On May 31, 2024, Pet Spa sold the fixtures for $24,200 cash. Record both depreciation expense for 2024 and sale of the fixtures on M 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 May 31, 2024. Accounts and Explanation Date May 31 Debit Credit

On January 2, 2022. Pet Spa purchased fixtures for $37,800 cash, expecting the foxtures to rernain in service for six years. Pet Spa has depreciated the fixtu $9,000 residual value, On May 31, 2024, Pet Spa sold the foxtures for $24,200 cosh. Record both depreciation expense for 2024 and sale of the fixtures on modified haif-month corvention is used. Record debits first, then credits. Select the explanation on the last line of the journal entry table. Begin by recording the deproclation expense as of May 31. 2024