On January 2, 2016, Pet Oasis purchased fixtures for $20,200 cash, expecting the fixtures to remain in service for eight years. Pet Oasis has depreciated the fixtures on a straight-line basis, with $1,000 residual value. On August 31, 2018, Pet Oasis sold the fixtures for $10,300 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, then credits. Select the explanation on the last line of the journal entry table.) Begin by recording the depreciation expense as of Aug. 31, 2018. Date Accounts and Explanation Debit Credit Aug. 31