of the joumal entry fable.$)$

Begin by recording the depreciation expense as of Jul. $31,2025.$

$\backslash$table$[[$Date$,$Accounts and Explanation,Debit,Credit$],[$Jul$.31,,,],[,,,],[,,,],[,,,]]$

Before recording the sale of the fixtures, let's calculate any gain or loss on the sale of the fixtures. $($Enter a loss with a minus sign or parentheses.$)$

Fair value of asseis received

Less: Book value of asset disposed of

Cost

Less: Accumulated Depreciation

Gain or $($Loss$)$

Now, record the sale of the fixtures on July $31,2025.$

$\backslash$table$[[$Date$,$Accounts and Explanation,Debit,$],[$Jul$.31,,,],[,,,],[,,,],[,,,]]$