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On January 2, 2017, FamilyFamily Clothing Consignments purchased showroom fixtures for 10,000 cash, expecting the fixtures to remain in service for five years. Family has

On January 2, 2017,

FamilyFamily

Clothing Consignments purchased showroom fixtures for 10,000

cash, expecting the fixtures to remain in service for five years.

Family has depreciated the fixtures on a double-declining-balance basis, with zero residual value. On

September 30,

2018

FamilyFamily

sold the fixtures for

$ 5 comma 500$5,500

cash. Record both depreciation expense for

20182018

and sale of the fixtures on

September 30September 30,

20182018.

Now, record the sale of the fixtures on

September 30September 30,

20182018.

Date

Accounts and Explanation

Debit

Credit

Sep. 30

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