On January $2,2021,$ Drake Furniture purchased display shelving for $$8,700$ cash, expecting the shelving to remain in service for five years. Drake depreciated the shelving on a double$-$declining$-$balaNce basis, with $$1,600$ estimated residual value. On September $30,2022,$ the company sold the shelving for $$2,400$ cash.

Read the requirement.

Start by recording depreciation expense on the shelving for $2022.($Record debits first, then credits. Exclude explanations from any journal entries.$)$

Journal Entry

$\backslash$table$[[$Date$,$Accounts,Debit,Credit$],[$Sep $30,$Depreciation Expense$-$Fixtures,,$],[$Accumulated Depreciation$-$Fixtures,,$]]$