On January 2, 2016 Just for Pet purchased 50 000 cpecting the sto fres in Aug 21, 2018 (Assa Da ying the action of Aug 31, 201 Accndplanation On January 2, 2016, Just for Pet purchased fixtures for $46,000 cash, expecting the fixtures to remain in service for six years. Just for Pet has depreciated the foxtures on a straight $26,000 cash. Record both depreciation expense for 2018 and sale of the fixtures on August 31, 2018. (Assume the modified half-month convention is used. Record debits first, the Begin by recording the depreciation expense as of Aug. 31, 2018, Date Accounts and Explanation Aug 31 Depreciation Expense-Fixtures Accumulated Depreciation-Fixtures To record depreciation on fixtures Debit Credit 5.000 cash, expecting the foxtures to remain in service for six years. Just for Pet has depreciated the futures on a straight line basis, with 510.000 residual value. On August 31, 2018 Just for Pat sold the for and sale of the fixtures on August 31, 2018 (Assume the modified half-month convention is used. Recoed debits first, then credits. Select the explanation on the last Ine of the journal try t #1, 2018 anation Debit Credit