On January 2, 2012 King Pet purchased fixtures for $58,000 cash, expecting the fixtures to remain in service for ten years. King Pet has depreciated the fixtures on a straight-line basis, with $10,000 residual value. On June 30, 2014, King Pet sold the fixtures for $43,500 cash. Record both depreciation expense for 2014 and sale of the fixtures on June 30, 2014. Begin by recording the depreciation expense for 2014. (Record debits first, then credits. Explanations will appear on the last line of the journal entry table.) Accounts and Explanation Debit Credit Date Jun 30 Choose from any list or enter any number in the input fields and then click Check Answer. 2 Parts remaining Clear All Check