On

January

2,

2016,

Just for Pet

purchased fixtures for

$38,800

cash, expecting the fixtures to remain in service for

six

years.

Just for Pet

has depreciated the fixtures on a straight-line basis, with

$10,000

residual value. On

June

30,

2018,

Just for Pet

sold the fixtures for

$23,800

cash. Record both depreciation expense for

2018

and sale of the fixtures on

June

30,

2018.

(Assume the modified half-month convention is used. Record debits first, then credits. Select the explanation on the last line of the journal entry table.)